1323/555 St Kilda Road Melbourne VIC 3004

Landmark high-rise | 3 bed family format | City & park views | Heritage overlay | Strong rental estimates This unit presents a competitively strong proposition as a spacious three-bedroom configuration within an established landmark building, a format that is rarer than typical one or two-bed investor stock in this high-rise corridor. Its park and city views from level 23, quality Miele-appliance finishes, and dual car spaces specifically serve owner-occupier families or professionals seeking CBD-fringe amenity without compromising on internal space. The recent sales history and current estimates indicate a stable to appreciating market position for well-appointed family-sized apartments in this locale. The primary decision factors are the heritage overlay, which may affect future alterations, and the typical strata costs and regulations of a large complex, which cost the buyer in ongoing fees and operational rigidity. The opportunity lies in securing a large-format unit in a finite stock building with demonstrated high rental demand, suggesting solid yield logic for an investor or a long-term hold for an owner. Consider this property a hold for capital stability and rental coverage. Our detailed report would ground your offer with a real market valuation and clarify locality risks like the heritage overlay implications and building insurance nuances. The property last sold for $1,140,000 in August 2023. Current expert estimates cluster between $1,187,000 and $1,290,000. This suggests a moderate value uplift has occurred, supporting the resilience of larger, well-located apartments in the current market.