3/233 Alma Road, St Kilda East VIC 3183
3/233 Alma Road, St Kilda East VIC 3183
large 3‑bedroom apartment | first‑floor position | parking conflict in records | family‑sized 99 m² floor plan | established low‑rise block
This apartment’s 99 m² floor plan is a competitive edge in a suburb where most units are smaller, making it rare for families or downsizers seeking genuine room without moving to a house. The first‑floor position in a low‑rise block of only eight properties offers a quieter, more private living environment than larger complexes, and the three‑bedroom layout supports owner‑occupier demand from households who prioritise internal space over land. The configuration suits buyers who value established apartment stock with a suburban feel, and the building’s scale suggests lower ongoing body corporate costs than high‑rise alternatives.
The unresolved parking record—one source states a single car space while another reports none—may affect buyer perception and price, particularly in an inner‑east suburb where off‑street parking is a differentiator. The absence of a confirmed build year and finish schedule means the property’s condition and capital requirements are unknown, so a purchaser should verify whether the apartment has been updated or may need near‑term investment. The lot size of 626 m² reported for the unit is unusually large for an apartment and may reflect a site allocation rather than usable land, which could influence future redevelopment potential or borrowing appetite.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/233 Alma Road, St Kilda East VIC 3183
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
St Kilda East is an established inner-city suburb positioned for urban professionals seeking proximity to beaches and CBD amenities. Demand is driven by this demographic and investors attracted to solid rental yields for units. Recent price trends for houses show some sensitivity, with a varied performance indicating a stabilising market, while the unit segment demonstrates stronger momentum. Future growth is supported by its enduring locational appeal and transport links, though high price points present an affordability constraint that moderates broader buyer activity.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
626m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!