14/239 Canterbury Road, St Kilda West VIC 3182

Compact one-bed | secure car space | St Kila West | established Port Phillip pocket | solid rental demand This property occupies a narrow but defensible position in the market. The single car space is genuinely rare for a one-bedroom apartment in this part of St Kilda West, and it meaningfully improves both owner-occupier appeal and tenant retention. The asking range aligns well with recent building evidence, including unit 4/239 which rents at $385 per week, suggesting the price point is grounded. For a first-home buyer or an investor seeking sub-$350k exposure to Port Phillip with a parking entitlement, this unit offers a cleaner entry than most comparables. The dishwasher and remote garage are small but practical differentiators in a building of twenty properties. The main risk is the 36-square-metre floorplate, which limits appeal to singles or couples and caps capital growth relative to larger units in the same suburb. The conflicting valuation data—particularly the Domain outlier—creates noise, but the credible range sits in the high $200s to low $300s, and the September 2018 sale around $212,000 shows modest but real appreciation. There is no bushfire, flood, or heritage overlay, which simplifies due diligence. Rental income should sit between $385 and $445 per week, giving a gross yield in the mid-5 percent range if purchased near the lower end of the asking bracket. Hold this property for cash flow and parking leverage, not for land-value appreciation.