16/10 Tennyson Street, St Kilda VIC 3182

16/10 Tennyson Street, St Kilda VIC 3182
Ground floor | 2009 build | direct courtyard access | St Kilda primary zone | split system climate control This apartmentโ€™s competitive strength lies in its ground-floor configuration with a private courtyard, a rarity in St Kildaโ€™s newer stock. The open-plan living with polished timber floors and marble finishes gives it a design edge over comparable units, while the two bathrooms and secure parking reduce friction for owner-occupiers or tenants. It suits professionals or downsizers seeking low-maintenance living with outdoor space and good school zoning. The heritage overlay on the lot is the primary risk, potentially limiting future alterations or adding compliance costs. The 82 sqm internal area, though functional, is tight for a two-bedroom buyer expecting more generous proportions. However, the 3108 sqm land holding and 2009 build quality offer structural durability. This property should be held as a stable, low-effort residence or rental, not a renovation play.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 16/10 Tennyson Street, St Kilda VIC 3182
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Market Insight:

St Kilda presents a clear two-tiered market, with its established house segment appealing to higher-income buyers seeking inner-city lifestyle and connectivity, while the high-volume unit market attracts investors and first-home buyers drawn by strong rental yields. Recent trends show modest house price appreciation contrasting with softening unit values, reflecting divergent pressures. Future demand is underpinned by enduring rental growth and its prime location, though high house prices constrain affordability and the substantial unit supply presents a key risk to capital growth in that segment.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

3108mยฒ

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