2/2 Albert Street, St Kilda VIC 3182

2 beds, 2 baths, 1 car | 101 sqm floorplan | St Kilda lifestyle belt | premium pocket | strong rental draw This apartment’s competitive edge lies in its genuine two-bedroom, two-bathroom configuration with a full-sized car space, which is increasingly scarce in St Kilda’s newer stock. The 101 square metre floor area is notably generous for a modern unit, giving it an owner-occupier feel that most one-bedroom-plus-study offerings cannot match. It serves the buyer who wants immediate lifestyle access to the beach, Acland Street, and tram lines without sacrificing internal space or parking, and its configuration makes it equally viable for a professional couple or as a high-yield rental holding. The bushfire overlay, while likely a planning layer rather than a practical constraint for an inner-city apartment, should be verified for its effect on insurance premiums and any lender requirements. The building’s mixed-use character and the 2024 transaction at high-$800k for a similar unit suggest this is not a discount play but a quality hold in a proven corridor. Opportunity lies in the strong rental demand and capital stability of this postcode; hold for lifestyle use or steady rental income, not for speculative short-term gains.