About this property
Unit 19 at 156 Beaconsfield Parade is a three‑bedroom, two‑bathroom apartment with four dedicated car spaces. It sits within a 44‑unit waterfront development built in 1997 and offers a balcony, air‑conditioning, heating, a study, and access to communal pool and gym facilities. The building has a high owner‑occupancy rate of 65 % and an average owner tenure of over 13 years.
Estimated market value for the unit is around $3.4 million and the weekly rent estimate is $1,980, giving a rental yield of just over 3 %. The property is located in the inner‑city suburb of Albert Park, 4 km south of Melbourne’s Central Business District. The suburb features beach frontage, parks, cafés, and convenient tram and bus services, making it a highly sought‑after residential location
Also written as Unit 19, 156 Beaconsfield Parade.