1006/442 St Kilda Road, Melbourne VIC 3004
1006/442 St Kilda Road, Melbourne VIC 3004
High floor, two-bedroom configuration | Established 2000 building with strong amenity | Car space included, rare for the strip | Repeated rental demand signals liquidity | No confirmed aspect, view, or exact finish level
This unit sits in a genuinely useful part of the St Kilda Road corridor, where the mix of tram access, parkland proximity, and established apartment stock creates steady appeal for professionals and downsizers. The two-bedroom, two-bathroom layout with a car space is a step above the one-bedroom investor stock that dominates much of the precinct, which means it competes in a thinner pool of comparable properties. The building’s gym, rooftop terrace, and landscaped gardens add everyday liveability, and the 2000 construction era places it in a sweet spot—old enough to have settled strata issues, new enough to avoid heritage constraints. This is best suited to an owner-occupier wanting a practical, well-located base, though investors would find the rental history reassuring.
The value picture may be shaped by how much renovation has occurred inside, since the building supports a range of finish levels across different units. A high floor likely improves outlook and light, but the exact aspect and balcony orientation are unconfirmed, so noise from St Kilda Road could vary significantly by direction. The car space adds tangible value in a corridor where parking is often scarce, and the building’s common areas appear well-maintained, which supports long-term capital stability. A buyer should weigh the age of the property’s systems—heating, cooling, and any upcoming special levies—against the convenience of the location.
|| Comparable Sales: 104/442 St Kilda Road sold at $360,000 (1 bed, 1 bath, 1 car) | Property Price Band: $700,000–$800,000 | Value Drivers: condition, floor level, aspect, car space inclusion
Detailed Independent Property Report prepared by PropCred Analyst team for 1006/442 St Kilda Road, Melbourne VIC 3004
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Melbourne’s 3004 covers the CBD and inner city, a high-density unit and apartment market. Demand comes from upgrading professionals, first-home buyers, and returning international students, drawn by proximity to jobs, transport, and education. House median is $1,015,000, up 5.5% annually; unit median $642,431, up 2.7%. House sales are 17.8% above the five-year average, clearance rates 67% in October 2025, with a 1.4% vacancy rate and listed stock 21% below five-year norms. Growth is supported by easing rates, better affordability than Sydney, and positive interstate migration. Risks: stretched affordability, listings up 30% month-on-month and 18% year-on-year in October, and new listings 17.5% above last year, pointing to price moderation despite constrained supply.
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PropCred Estimated Value
Comparable Sales: 104/442 St Kilda Road sold at $360,000 (1 bed, 1 bath, 1 car) | Property Price Band: $700,000–$800,000 | Value Drivers: condition, floor level, aspect, car space inclusion
Bedrooms
2
Bathroom
2
Parking
1
Land
2323m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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