4/54 Hotham Street, St Kilda East VIC 3183

1970s low-rise complex | Private balcony & natural light | Flood overlay present | Walkable location, central St Kilda East This unit presents a competitively priced entry into a well-located suburb, distinguished by its immaculate presentation and impressively proportioned living spaces that flow to a private balcony. Its low-maintenance format within a proudly maintained complex reliably serves first-home buyers or investors seeking a straightforward holding, capitalizing on consistent demand for two-bedroom units near transport and amenities. The property aligns directly with the suburb’s typical stock, offering no functional obsolescence against local benchmarks. The identified flood overlay imposes a tangible risk, likely elevating insurance premiums and potentially complicating future finance or resale, a cost that must be factored against the asking price. With a last recorded sale a decade ago, the current price reflects modest growth, suggesting a value-conscious offer is warranted. This property is best acquired as a long-term hold, either for occupancy or rental, leveraging its fundamental livability over speculative gain. Recent comparable sales nearby: – 5/54 Hotham Street (same complex, 2 bed/1 bath): Sold March 2022. – 6/54 Hotham Street: Noted in data, but no sale price or date available. The March 2022 sale of an identical unit in the same complex provides a critical anchor point, establishing a pre-interest rate hike market value. This historical data underscores the necessity to scrutinize the current price ambition against significantly changed financial conditions.