301/25-29 Alma Road, St Kilda VIC 3182

Large terrace apartment in St Kilda | resort rooftop rare at this price | work-from-home nook in master | investor-ready with immediate rental demand This property’s primary competitive edge is the 33.5 sqm wrap-around terrace, which is uncommon for a third-floor apartment in this price band and directly supports higher rental returns than comparable units without outdoor space. The dual-aspect north/east orientation, combined with exclusive rooftop spa and BBQ amenities, positions the unit to attract both professional tenants and owner-occupiers seeking resort-style living near Albert Park and Chapel Street. The integrated study nook in the master suite adds functional appeal for remote workers, a demographic that continues to drive demand in inner-suburban St Kilda. The Domain listing showing one bedroom is a data error that must be verified against the vendor’s title or floor plan before proceeding. The 1290 sqm land figure reflects the entire building lot, not individual ownership, so no land-value leverage exists for the buyer. The fully furnished option reduces upfront fit-out costs but may limit depreciation claims for an investor. For an owner-occupier seeking lifestyle adjacency to the beach and dining, this unit holds its value; for an investor, the terrace and rooftop amenities justify a hold period of five to seven years to capture capital growth from St Kilda’s constrained supply of large-balcony apartments.