Nine apartments, endless returns!
An excellent investment opportunity exists to make your mark & enjoy endless returns on a solid three storey block of nine apartments, brilliantly located close to the vibrant hub of Chapel Street & all the action St Kilda has to offer. Investors looking to secure property in a prime lifestyle location, with potential to immediately achieve a rental income & with future options to renovate, hold, on sell individually or even redevelop – the options are endless (STCA). The solid brick apartment block comprises 8 x one-bedroom apartments, 1 x studio apartment & 6 car spaces. All one bedroom 8 apartments are neatly presented with similar floorplans, comprising a functional spacious kitchen, bathroom with shower over bath & laundry facilities, light filled living room & bedroom with built-in robes. The studio apartment comprises an open plan kitchen overlooking a light filled living, dining & bedroom space with built-in robes & a bathroom. Investors don’t miss this unique opportunity to acquire this superbly positioned address close to vibrant shops, restaurants & cafes of Chapel & Carlisle Street, Alma Park & a choice of transport options.
St Kilda suburb statistics
Houses*
Median sale price
$1,560,000
Quarterly price change
-0.64%
Units*
Median sale price
$532,000
Quarterly price change
0.38%
Sales insights
Auction clearance rate*
58%
Median days on market∧
32 days
Total sold properties*
167
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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