3/17A Fitzroy Street, St Kilda VIC 3182

Prime bay-view apartment | historic Summerland Mansions | tightly held St Kilda | rare 150sqm floorplate This property offers a genuinely scarce combination in St Kilda: a full-sized three-bedroom apartment within a landmark 1920s building, positioned for uninterrupted bay views. For buyers seeking a permanent home with character and space, the 150 square metre layout provides a floorplate rarely available in period apartment blocks. The heritage overlay and low building coverage suggest limited future supply in this precise configuration, which strengthens long-term holding value. It suits owner-occupiers who prioritise location and amenity over modern finishes, or downsizers wanting single-level living with a strong sense of place. The primary risk is the building’s age and heritage status, which may limit renovation scope and increase ongoing maintenance costs through owners corporation levies. Buyers should budget for potential special levies tied to common property upgrades. The current listing range sits above recent estimated value, so negotiation room likely exists. A buyer’s advantage lies in the extended marketing period and the property’s niche appeal. Hold as a long-term residence or consider it a lifestyle-driven purchase where capital growth follows location rarity rather than renovation upside.