102/126 Chapel Street, St Kilda VIC 3182

2-bed St Kilda unit | 66sqm with carport | 45% owner-occupied building | strong rental yield potential | off-market opportunity This unit presents a rare combination of a solidly owner-occupied building in a high-demand rental suburb, with a carport that meaningfully differentiates it from most nearby stock. The 66sqm internal area is efficient for a two-bedroom, and the building’s 45% owner-occupier rate signals lower turnover risk and better long-term condition. It serves best for an investor seeking stable yield near $675 per week, or a first-home buyer wanting a St Kilda foothold with parking. The flood overlay and 55% renter profile introduce moderate liquidity risk, particularly if buyer sentiment shifts toward higher ground or more owner-dominated blocks. However, the off-market channel reduces competition, and the $575k–$600k guide sits below the suburb median for two-bedroom units, offering a potential value gap. This property is best held as a rental investment, with the carport and location supporting consistent tenant demand.