405/5 Alma Road, St Kilda VIC 3182

405/5 Alma Road, St Kilda VIC 3182
Panoramic bay views from upper floor| 145sqm total incl 35sqm terrace| 2002 build with pool gym access| Prime St Kilda foreshore position. This two-bedroom apartment on a 145sqm lot including external terrace suits downsizers or professionals seeking low-maintenance beachside living. Offering house-like internal space at 110sqm plus an expansive outdoor terrace, it delivers practical indoor-outdoor flow for everyday use and entertaining. The upper-floor position in a 2002 strata building sets it apart on Alma Road, capturing uninterrupted Port Phillip Bay vistas that extend living areas visually. Such generous proportions and views draw buyers who prioritise lifestyle over larger footprints, often professionals or couples trading up from smaller units. In this vibrant precinct, similar apartments with bay outlooks hold steady demand, performing well against one-bedroom options due to their versatility for longer-term occupancy. The inclusion of secure parking, storage, and building amenities like pool and gym enhances lock-and-leave appeal, aligning with St Kilda’s renter and owner-occupier mix. Without overlays complicating ownership, it positions reliably in a market favouring established stock. Long-term, the rare terrace and panorama provide holding value as foreshore scarcity grows, supporting enduring appeal for lifestyle-focused owners.

Market Insight:

St Kilda remains one of Melbourne’s most recognisable lifestyle suburbs with demand driven by investors, young professionals and short-term rental buyers. Apartment prices have historically fluctuated due to supply cycles, but the suburb maintains strong rental demand. Beachfront living, nightlife and proximity to the CBD continue to attract buyers. Lifestyle appeal remains the suburb’s key driver of housing demand.

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

Built

Recent Assessments