3 Mitford Place, St Kilda VIC 3182
3 Mitford Place, St Kilda VIC 3182
3-bed house with 2-car parking | Rare inner-St Kilda format | Period pocket near beach and Acland Street | Strong owner-occupier appeal | Last traded in 2007
This is an uncommon configuration for St Kilda, where most stock is period apartments or low-rise units. A three-bedroom house with two dedicated parking spaces offers a level of space and convenience that many nearby properties simply cannot match, and that scarcity is a genuine competitive advantage. The location reinforces the appeal; the beach, the Botanic Gardens, and the Acland Street dining strip are all within easy walking distance, which tends to attract a mix of downsizers, young families, and lifestyle buyers who want the bayside amenity without the compromises of apartment living. For a buyer seeking a permanent home with room to move and strong resale potential, this property sits in a sweet spot that the local market does not often produce.
The value picture may be shaped by a few factors that are worth weighing carefully. The house last sold in 2007, so the current condition and any renovation work completed since then could be a significant driver of price; a well-maintained interior with modern finishes may command a noticeable premium, while a dated presentation might leave room for a buyer to add value. The property’s exact land size and any overlay constraints, such as flood or heritage considerations, may also influence its appeal and long-term flexibility, though these are not confirmed. Buyers should factor in the cost of any updates they might want to undertake, as that could narrow or widen the gap between the asking range and their own sense of fair value.
|| Comparable Sales: 3/10 Mitford Street sold for $610,000 in Dec 2025; 12/21 Mitford Street listed at $600,000–$660,000 | Property Price Band: $1.6M–$1.7M | Value Drivers: house format with 2-car parking, proximity to beach and Acland Street, condition and renovation state
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Mitford Place, St Kilda VIC 3182
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
St Kilda’s inner-city Melbourne position and direct tram, train and road links to the CBD underpin a bifurcated market. Investor-led unit demand is strong, with 626 unit sales over the past year, drawn to gross yields near 5.67%. House buyers are higher-income, facing median prices of roughly $1.56–1.65 million. Price trends diverge: house growth ranged from 0.7% to 3.5% across sources, while unit prices declined between 1.3% and 3.8%. Rental demand is firm, with house rents up 5.4% and unit rents up 4.8% annually, though house rents vary widely by source. Units remain the affordable entry point, but high supply limits capital growth. School catchments are adequate. Affordability and interest-rate sensitivity are the key constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 3/10 Mitford Street sold for $610,000 in Dec 2025; 12/21 Mitford Street listed at $600,000–$660,000 | Property Price Band: $1.6M–$1.7M | Value Drivers: house format with 2-car parking, proximity to beach and Acland Street, condition and renovation state
Bedrooms
3
Bathroom
2
Parking
-
Land
275m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!