4/6 Nottage Street, St Kilda East VIC 3183

Architecturally designed elevated apartment | Alma Village edge | Private boutique block | Strong yield potential The property’s position in a small five-unit block on a quiet tree-lined street provides rarity value in St Kilda East, where larger complexes dominate. The elevated architect-designed floorplan with two bathrooms and a single car space suits buyers seeking a lock-and-leave lifestyle without compromising on space, while the 5.29% rental yield and $670 weekly estimate give investors a clear income anchor. Being steps from Alma Village and Carlisle Street transport strengthens both owner-occupier appeal and tenant demand, making this a dual-market proposition with limited local competition in this price segment. The primary risk is the building’s age and the unknown condition of common property, as the last sale occurred 13 years ago with no recent capital works disclosures. Buyers should budget for a building inspection and strata review to rule out deferred maintenance. On opportunity, the current guide sits below the mid-range valuation estimate, suggesting room for negotiation if the property has been on the market longer than typical. This is best held as a long-term inner-city residence or a stable rental holding with moderate capital growth tied to St Kilda East’s enduring lifestyle demand.