13 Alma Place, St Kilda VIC 3182

Quiet cul-de-sac | approved 4-bedroom designs | immediate build ready | tightly held St Kilda pocket The buying case rests on the rare intersection of a fully resolved planning permit and construction-ready drawings on a 297sqm parcel in a tightly held St Kilda cul-de-sac. For a buyer seeking a turnkey development with minimal delay, the approved four-bedroom, four-bathroom residence with double garage removes the usual approval timeline and uncertainty, positioning the buyer to commence construction immediately. This property serves best those who value a premium lifestyle address and want a new house without the protracted planning process, particularly owner-occupiers or developers targeting a high-spec family home in a low-traffic pocket. The principal risk is the heritage overlay, which may impose design constraints or additional council scrutiny during construction, potentially affecting timelines or costs. The estimated value of $1,681,000 against the listing range suggests upside if the approved design is executed efficiently, though the buyer must verify the permit’s expiry and any sunset clauses. The 2023 sale price not being detailed means the buyer should request the full sales history to assess vendor motivation. Hold this property as a build-to-occupy or build-to-sell, with the approved plans as the core value lever.