75/95 Rouse Street, Port Melbourne, VIC

Inspection Info

Address

75/95 Rouse Street, Port Melbourne, VIC

Guide

$1,600,000

Reviewed By

David McMillan, Buyers Agent on April 3, 2020

David McMillan

Buyers Agent

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First Impression

This building is regarded as Port Melbourne’s premier apartment building completed in late 1990's. Luxury apartments, a total of 244 in the building. This tower has a high ratio of owner occupiers and it is suitable for down-sizers and professionals. Rate per square meter for these apartments are in the range of $15,000 to $17,0000. At the mid price point of the advertised price range, the rate psm is $15,509 which seems in line with the market. I would highly recommend full pricing analysis to take into account current sales in the current market conditions, flammable cladding and OC minutes reviews. An option to consider with bay views and within a tightly held complex.

Premier building
Location and views
Condition of the apartment

Limited value add potential
Lack of storage
Small sized second bedroom

Report Card

Buyers Agent

David McMillan

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Value Add

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David McMillan
BuyerX - Melbourne CBD

David has worked as a property Investment adviser, property consultant, buyer agent & valuer to private clients, financial planners, accountants, finance brokers and various government entities since 1999. He has been involved in more than $1b worth of transactions across Victoria, New South Wales, South Australia, Western Australia & Queensland.

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