10/348 Dandenong Road, St Kilda East VIC 3183
10/348 Dandenong Road, St Kilda East VIC 3183
Rear 1970s boutique block | Double glazed bright layout | Heritage area near Orrong Village | Estimated 5% rental yield | Two bedrooms with built-in robes
The rear position within a boutique 1970s block is considered a significant advantage for privacy and reduced street noise, a rare find on Dandenong Road. The double glazing and split system are noted for improving comfort, while the bright layout and balcony are designed to capture natural light. The apartment is located near Orrong Village, Chapel Street, and Windsor Station, providing excellent access to everyday amenity and public transport. It is best suited for owner-occupiers seeking space from an era of generous proportions, first-home buyers looking for a practical entry point, and investors attracted by a strong estimated rental yield. The heritage area is recognized for adding character without limiting functionality.
The main location factor to be considered is Dandenong Road; though rear-positioned, some ambient traffic noise may still be present. The heritage overlay is expected to limit future alterations, which could affect some buyers. The 1970s build is seen as requiring routine maintenance consideration, though double glazing indicates upgrades. These factors should be weighed against the property’s intrinsic space and yield potential when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/348 Dandenong Road, St Kilda East VIC 3183
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
St Kilda East is an established inner-city suburb positioned for urban professionals seeking proximity to beaches and CBD amenities. Demand is driven by this demographic and investors attracted to solid rental yields for units. Recent price trends for houses show some sensitivity, with a varied performance indicating a stabilising market, while the unit segment demonstrates stronger momentum. Future growth is supported by its enduring locational appeal and transport links, though high price points present an affordability constraint that moderates broader buyer activity.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
859m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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