501/111 Inkerman Street, St Kilda VIC 3182
501/111 Inkerman Street, St Kilda VIC 3182
This is a 2-bedroom, 2-bathroom fifth-floor apartment built in 2017 on a 707m² shared lot in St Kilda, with an ensuite to the master, built-in robes, an underground car stacker, and a Euro laundry.
The property is competitively strong due to its modern 2017 construction and premium configuration, which are rare in St Kilda’s older housing stock. The ensuite and second bathroom offer genuine separation for couples or sharers, while the underground car stacker is a sought-after inner-city convenience. Its fifth-floor position in a secure boutique block provides a sunlit living space that many older flats lack. This unit is best suited to young professionals or downsizers who value a lock-and-leave lifestyle with strong rental demand underpinning future flexibility. The property sits well within the suburb’s mix, offering a contemporary alternative to dated walk-ups.
The value of this property may be influenced by its lack of private outdoor space, a common constraint in high-rise living that some buyers will weigh against the convenience. Being on a shared 707m² lot, the unit’s value is tied to the building’s overall condition and management, though no specific issues are noted. Proximity to Acland Street’s nightlife could be a consideration for noise-sensitive purchasers. The modern build and secure entry are standard for its age, so these features maintain value rather than enhance it. A buyer should factor these into their price view without overstating their impact.
Detailed Independent Property Report prepared by PropCred Analyst team for 501/111 Inkerman Street, St Kilda VIC 3182
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
St Kilda presents a clear two-tiered market, with its established house segment appealing to higher-income buyers seeking inner-city lifestyle and connectivity, while the high-volume unit market attracts investors and first-home buyers drawn by strong rental yields. Recent trends show modest house price appreciation contrasting with softening unit values, reflecting divergent pressures. Future demand is underpinned by enduring rental growth and its prime location, though high house prices constrain affordability and the substantial unit supply presents a key risk to capital growth in that segment.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
707m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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