308/594 St Kilda Road, Melbourne VIC 3004

Iconic St Kilda Road address | compact but efficient 45m² layout | secure car and storage included | resort-style amenities in building This is a rare entry point into Melbourne’s premium St Kilda Road corridor, where the combination of a secure car space, storage cage, and access to a pool and gym lifts a compact one-bedroom well above the typical entry-level unit. The 2009 build means modern construction standards and lower maintenance risk, while the open-plan design and private balcony make the 45m² feel usable rather than cramped. It suits a first-home buyer wanting lifestyle proximity to the city without sacrificing parking, or an investor seeking a low-maintenance holding with strong rental appeal from professionals and downsizers. The main risk is the small floorplate — 45m² limits future buyer pool and may constrain capital growth compared to larger apartments in the same precinct. There is no heritage or flood overlay, which removes hidden compliance costs, but buyers should verify body corporate fees and any upcoming special levies given the shared pool and gym. The opportunity lies in its positioning: St Kilda Road apartments with parking and storage are consistently undersupplied, so this property holds its value better than car-free equivalents. Hold for steady rental yield or live in it as a cost-efficient city base — just don’t expect it to outpace larger units in a rising market.