7/17 Johnson Street, St Kilda East VIC 3183
7/17 Johnson Street, St Kilda East VIC 3183
3-bed/2-bath at 140 m² | 737 m² land parcel, rare for unit stock | Heritage overlay | Zoned to Windsor Primary and Prahran High | Courtyard and secure parking
A three-bedroom, two-bathroom apartment is offered with 140 m² placing it above the compact unit stock typical of St Kilda East. The 737 m² holding is rarely seen with apartment dwellings, giving the property a grounded, house-like presence. The period setting is confirmed by a heritage overlay. Low-maintenance living is provided by the courtyard, secure parking, and split-system climate control. Family demand is added by zoning to Windsor Primary and Prahran High. Owner-occupiers, families or downsizers, are best served here, with inner-suburban space and no full-house upkeep. Investor interest is signaled by strong rental demand.
Heritage overlay may be viewed as a constraint on alterations, though period character is protected by it. The land holding might be a long-term value driver, but that potential is tempered by planning controls. The price point may be supported by presentation and courtyard. Rental yield may be modest, with the case resting on owner-occupier amenity and location.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/17 Johnson Street, St Kilda East VIC 3183
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
St Kilda East is an inner-urban pocket with strong transport links and reputable school catchments, drawing professional households on high incomes. House prices sit between $1.6m and $1.7m, with annual growth ranging from -1.52% to +2.40% and quarterly volatility, including a -6% dip. Units are cheaper at roughly $580k–$600k, with more consistent growth up to 3.3% and a recent 10.6% quarterly rise. Demand is underpinned by access to the CBD and beaches, plus unit yields of 4.6–5.1% for investors. Houses sell in 35–42 days, with 84–99 annual sales—moderate turnover. Future growth depends on ongoing infrastructure and education demand, but affordability caps upside: median house prices above $1.6m and rate sensitivity have already produced negative periods. Unit yields may continue to attract investors, though price swings remain.
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PropCred Estimated Value
Comparable Sales: 19 Johnson Street, a 3-bed Art Deco house, sold around $1.3M; 7 Johnson Street, a 2-bed period house, sold near $1.04M | Property Price Band: $1.2M–$1.3M | Value Drivers: land holding, size, heritage presentation
Bedrooms
3
Bathroom
1
Parking
1
Land
737m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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