12/29 Dalgety Street, St Kilda VIC 3182

2 bed / 1 bath / 1 car flat apartment | heritage overlay in St Kilda | strong rental yield potential | zoned for St Kilda Park Primary | mid-market bayside stock This property sits firmly in the mid-market segment of St Kilda’s apartment stock, where established low-rise blocks with heritage protection are common. The two-bedroom, one-bathroom configuration with parking is well suited to owner-occupiers seeking a foothold in the inner bayside market, as well as investors targeting a broad tenant pool of singles, couples, and small households. The zoning for St Kilda Park Primary School and Elwood College adds genuine owner-occupier appeal, and the estimated rental yield of around 5.3% is competitive for the area. The absence of bushfire or flood overlays is a practical advantage, while the heritage overlay is consistent with the neighbourhood’s character and may limit external alterations but also preserves the area’s established appeal. The heritage overlay may constrain any future renovation or extension work, which should be weighed when considering long-term value or redevelopment potential. The apartment’s specific floor level, aspect, and internal finish quality are not confirmed from available information, and these factors can materially affect both livability and resale price. The relatively large 1,126 m² site indicates a multi-unit complex, so shared amenity and strata arrangements may differ from newer developments. The NBN Fibre to the Curb and 5G coverage are strong for modern connectivity needs, but the building’s age and heritage status may mean limited on-site facilities compared to contemporary stock.