3/36 Lansdowne Road, St Kilda East VIC 3183

Ground-floor Art Deco | private courtyard retreat | boutique six-unit block | walkable Alma Village This property presents a competitively rare configuration within its market. A ground-floor apartment with a private, decked courtyard in a boutique Art Deco block is an uncommon offering, providing a distinct advantage over typical balcony units. It delivers a low-maintenance, character-filled home that best serves an owner-occupier seeking a quiet, leafy retreat with immediate walkable amenity, or an investor targeting a premium rental due to its unique outdoor space and style. The principal risk is the price relativity against its last sale; purchasing near the upper guide merely matches the 2022 price, offering no equity buffer. The opportunity lies in securing a scarce ground-floor format in a tightly held, small block, which historically retains demand. This unit is a hold for lifestyle, with limited upside in the near term unless acquired toward the lower guide. * **18/02/2022 – 3/36 Lansdowne Road:** Sold for $695,000. * **Current List Price Guide:** $650,000 – $700,000. The stable price guide, set slightly below its previous sale, suggests a market correction or a motivated vendor. This provides a credible entry point for a buyer, as it negates the speculative premium often seen in recent years.