105/418 St Kilda Road, Melbourne VIC 3004
105/418 St Kilda Road, Melbourne VIC 3004
Generous 107 m² two-bed layout | Established 1998 tower | St Kilda Road prestige | School catchments confirmed | Entry point to blue-chip address
This apartment is competitively strong for its size. At 107 m², the two-bedroom floorplan is considered unusually generous for a unit in this corridor, giving it the feel of a proper residence rather than a compact apartment. The 1998 building is well-established, which generally means solid construction, practical layouts, and a secure, low-maintenance environment. Positioned on St Kilda Road, it is set within a prestige address with direct tram links to the city, parkland at the doorstep, and confirmed school catchments for South Yarra Primary and Prahran High, which broadens its appeal to families and downsizers alike. The property is best suited to owner-occupiers seeking space and convenience without a garden, and to investors looking for dependable inner-city demand in a recognised location.
Value may be influenced by the unit’s exact level and orientation, as higher floors in the tower are commonly rewarded with light and views. Renovation status might also be a driver, with upgraded interiors generally achieving a clear margin over original-condition stock. Because the building is also home to larger three-bedroom residences with a second bathroom, this unit may be positioned as the accessible entry point to a prestige address, a factor that could shape its comparative appeal. These elements should be weighed by the buyer when forming a view.
Detailed Independent Property Report prepared by PropCred Analyst team for 105/418 St Kilda Road, Melbourne VIC 3004
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
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: 145/418 three-bed at $915K–$970K; 225/418 level-22 three-bed at the upper end | Property Price Band: $600K–$700K | Value Drivers: floor level, renovation status, outlook and building amenity.
Bedrooms
2
Bathroom
1
Parking
1
Land
2197m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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