40/10 Acland Street, St Kilda VIC 3182

ground floor | rear privacy | car space included | St Kilda village edge The buying case rests on a rare combination: a ground-floor apartment with its own carport in a classic St Kilda block, placed at the rear for genuine quiet. For a buyer wanting a foothold near Acland Street’s amenity without the noise, this configuration is competitively scarce. The generous room sizes and ensuite-style bathroom make it more liveable than comparable one-bedroom flats, and the off-street parking is a tangible edge in this market. It suits an owner-occupier seeking a low-maintenance base or an investor targeting a reliable rental yield from a well-positioned unit in a desirable school catchment. The primary risk is the heritage overlay, which may limit future alterations and adds approval costs if any changes are planned. The apartment’s rear position also means less street presence and potentially slower capital growth than a front-facing unit in the same block. On the opportunity side, the current price range sits below the 2019 auction result when adjusted for inflation, suggesting the vendor may be motivated. The simplest hold strategy is to rent it out for cash flow while benefiting from St Kilda’s long-term demand, or occupy it and trade the parking and privacy for lifestyle value.