301/363 Beaconsfield Parade St Kilda West VIC 3182

1950-built beachfront unit | renovated modern interior | heritage & flood overlays | high rental yield area This property offers a rare combination of bayside living and modern convenience. Its direct beachfront position in St Kilda West is its primary competitive strength, providing enduring demand from both owner-occupiers seeking lifestyle and investors targeting the strong rental yield. The recent renovation to a modern kitchen and open-plan living aligns with contemporary expectations, enhancing its appeal in a suburb demonstrating solid capital growth. This unit best serves a buyer comfortable with a compact footprint who values location over internal space. Proceed with caution due to the confirmed heritage and potential flood overlays, which impose restrictions on modifications and may affect insurance premiums. The absence of recent, direct comparable sales data necessitates a bespoke valuation to establish true market price. Given the high rental yield and growth trajectory of the suburb, this property is positioned as a long-term hold. A Propcred report would specifically clarify the overlay conflicts and provide a defensible valuation to secure this unique location. The search results reference an off-market comparable at 8/364-366 Beaconsfield Parade but provide no sale price or date. This lack of recent, relevant sales data for similar beachfront units underscores the need for a professional valuation to establish an accurate market position before purchase.