112/320 St Kilda Road, Southbank VIC 3006
112/320 St Kilda Road, Southbank VIC 3006
112/320 St Kilda Road is a 1-bedroom, 1-bathroom, 1-car-space apartment in the building at 320 St Kilda Road, Southbank, which sources describe as a 122-lot apartment building built in 1966 and held under PS429185. The property was listed for sale as an apartment in Southbank. The advertised campaign describes it as a first-floor apartment set towards the back of a luxe mid-rise block, with lofty ceilings, full-height windows, neutral finishes, a sleek kitchen, European laundry, Rinnai panel heating, video intercom, internal lift access, a car space, and a storage cage.
park-edge St Kilda Road address | full-height windows and high ceilings | 1-bed with car space and storage | older mid-rise building | walk to Anzac Station
This apartment occupies an uncommon intersection of features for its price point — a genuine car space, internal lift access, and full-height windows in an older mid-rise building directly opposite the Royal Botanic Gardens. The layout is compact but generous by inner-city standards, with lofty ceilings, a double bedroom with built-in robes, and an ensuite with frameless shower. Its position on the first floor at the back of the block provides relative quiet while still being steps from the Shrine, The Tan, Southbank dining, and the new Anzac Station. The property is best suited to a first-home buyer seeking a lock-and-leave base within walking distance of the CBD, or an investor targeting the strong rental demand that a park-edge, tram-served location typically commands. The combination of one car space, storage cage, and European laundry lifts it above the typical one-bedroom offering in Southbank.
The building’s 1966 construction and owners corporation fees may affect longer-term holding costs, though no specific levy data is available to assess. Orientation is not stated, so a buyer should verify daylight and sun access during an inspection; a rear-first-floor position might limit natural light depending on neighbouring structures. The bushfire overlay flagged for the address is unusual for such a central location and may influence insurance premiums or future redevelopment restrictions. Any potential yield calculation based on advertised price and $605 per week rent should be tested against actual market rents for this specific unit.
Detailed Independent Property Report prepared by PropCred Analyst team for 112/320 St Kilda Road, Southbank VIC 3006
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1169m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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