220/555 St Kilda Road, Melbourne VIC 3004

Prime St Kilda Road location | 90m² two-bedroom apartment | one secure car space | above-median price point with competitive guide This property occupies a strong negotiating position. Its 90m² internal area is generous for a two-bedroom apartment in this corridor, and the inclusion of a car space adds tangible utility for professional couples or downsizers who value the St Kilda Road address. The asking range sits above the Melbourne two-bedroom unit median, which is justified by the proximity to the CBD, the established streetscape, and the building’s scale. The buyer best served here is one seeking a low-maintenance home or a long-term hold in a precinct with consistent rental demand from young professionals. The upcoming inspection provides an early-mover advantage in a market where average days on listing are 48. The primary risk is the gap between the current guide and the 2013 sale price of $740,000, which signals that this segment has softened. Buyers should factor in that the building shows 58 percent turnover, indicating a transient resident profile that may limit capital growth relative to tightly held stock. The opportunity lies in the agent’s guide being fresh and competitive; a well-prepared buyer can negotiate from a position of knowledge, using the 48-day market average and the 71 percent clearance rate as leverage. Hold this property as a stable, inner-urban residence with reliable rental cover, not as a short-term speculation play.