11/76-80 Grey Street St Kilda VIC 3182

Top-floor position | newly-renovated & furnished | bay & bridge views | heritage overlay building This property presents a competitively strong offering due to its top-floor position, high-standard renovation, and furnished state, which are rare in a heritage building. The light-filled interior and direct views from the Bolte Bridge to the bay create a premium living experience that serves an owner-occupier seeking convenience or an investor targeting the furnished rental market. Its configuration offers a scarcity value that typical stock in the area may not. The primary risk mechanism is the heritage overlay, which imposes strict renovation costs and approval hurdles on future changes, potentially limiting capital works. The price positioning near its 2021 sale price suggests limited short-term appreciation, but the high-quality presentation supports a solid rental yield near 5.4%, making it a logical hold for cash flow. Consider this property a yield-play with lifestyle perks, not a rapid growth vehicle; our property report can validate its real market valuation and detail the specific locality risks and insurance implications tied to the heritage status. The property last sold in March 2021 for $705,000. This historical price provides a benchmark, indicating the current asking range reflects a relatively flat nominal growth period since that purchase, placing emphasis on the value added through recent renovation and the furnished state to justify the premium.