2/13 Crimea Street, St Kilda VIC 3182
2/13 Crimea Street, St Kilda VIC 3182
Ground floor apartment | St Kilda Hill location | secure parking included | smart renovation with oak floors
This is a rare configuration for the price point. A ground floor security apartment with its own parking and auto gates in St Kilda Hill offers something most one-bedroom units cannot: genuine convenience without lift waits or stair climbs. The renovation is thorough, with oak flooring, integrated Bosch appliances, and a chic ensuite that removes the need for immediate capital outlay. The buildingโs rental history,a comparable unit achieving $490 weekly,suggests strong income potential, making this suitable for an investor seeking yield or a first buyer wanting low-maintenance living near trams, parks, and Chapel Street.
The main risk is the small internal area at 32 square metres, which limits appeal to owner-occupiers who need separate living and sleeping zones. Buyers should verify body corporate fees and any sinking fund obligations, as older brick buildings can carry unexpected levies. The expression of interest closing date creates a defined negotiation window, so pre-approval is essential. This property works best as a long-term hold with rental income offsetting holding costs, or as a lock-and-leave base for someone prioritising location over space.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/13 Crimea Street, St Kilda VIC 3182
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.