A rare value play in a true blue-chip suburb.
This light-filled, well-presented apartment was secured well below market value, delivering immediate equity, strong rental fundamentals, and long-term growth exposure in one of Melbourne’s most tightly held inner-east locations. A low-maintenance asset suited to investors seeking resilience, yield, and capital stability.
-
Below-Market Acquisition
Secured at $310,000 with independent bank and RP Data valuations up to $540,000, delivering instant equity from day one.Strong Cash-Flow Profile
Rental appraisal up to $420 per week, equating to an approximate 7.0% gross yield.Blue-Chip Location Advantage
Positioned in Glen Iris — a proven, high-demand suburb with historically low vacancy rates and consistent capital growth.Low Holding Costs
Competitive ongoing expenses with strata, council, and water rates kept well below inner-suburb averages.Broad Buyer & Tenant Appeal
Modern updates, open-plan living, and leafy outlooks make this property attractive to both owner-occupiers and quality tenants.