504/111 Inkerman Street, St Kilda VIC 3182
504/111 Inkerman Street, St Kilda VIC 3182
2017-built boutique apartment | 2-bed compact layout with secure parking | Strong rental demand near St Kilda lifestyle strips | Flood overlay flagged on parcel
This unit sits within a modern, boutique residential building that stands apart from much of St Kilda’s older walk-up stock. The 2017 construction brings contemporary finishes—stone surfaces, Bosch appliances, double-glazed windows—and secure parking, which is a genuine advantage in this inner-bayside pocket. The compact 64 m² footprint is typical for newer investor-grade apartments, but it is efficient and well-suited to young professionals, couples, or downsizers prioritising low-maintenance living over space. Its position near Acland Street, Chapel Street, and the beach gives it a lifestyle edge that supports both owner-occupier appeal and consistent rental interest, making it a versatile option for first-home buyers or investors targeting the inner-south market.
The flood overlay on the parcel may influence insurance costs or lending considerations, though it does not appear to have constrained the building’s development or resale activity. The unit’s floor level and aspect are not confirmed, which might affect light, outlook, and noise exposure—these factors can shift buyer perception and price more than the finishes themselves. The compact size may limit appeal for families, and the mid-$500,000s price point positions it against newer stock nearby, so condition and presentation will matter most when competing for attention.
Detailed Independent Property Report prepared by PropCred Analyst team for 504/111 Inkerman Street, St Kilda VIC 3182
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: 502/111 Inkerman Street sold $540,000; 202/111 Inkerman Street sold $501,000 | Property Price Band: $500,000–$600,000 | Value Drivers: modern finishes, secure parking, building age, and proximity to lifestyle amenities
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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