5/69 Wellington Street, St Kilda VIC 3182

5/69 Wellington Street, St Kilda VIC 3182
Elevated city-view two-bedroom | Rare internal courtyard | Secure parking in St Kilda | Premium finishes and natural light This apartment is positioned as a well-above-average offering within St Kilda’s two-bedroom unit stock, distinguished by its combination of an undercover balcony and a separate internal courtyard—a rare configuration that adds genuine liveability. The generous open-plan layout, premium kitchen finishes, and city skyline views from an elevated position further lift its appeal. It is best suited to an owner-occupier seeking low-maintenance, high-amenity living with parking, and it is also likely to attract downsizers or executives who value walkability to Fitzroy Street, Albert Park Lake, and the foreshore. The property’s premium features may command a price above typical two-bedroom units in the area, but the lack of confirmed floor level and building age could introduce some valuation uncertainty. Nearby density and traffic might be weighed against the elevated position and dual outdoor spaces, which partially offset those concerns.
Detailed Independent Property Report prepared  by PropCred Analyst team for 5/69 Wellington Street, St Kilda VIC 3182
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk ! 1
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Market Insight

St Kilda presents a clear two-tiered market, with its established house segment appealing to higher-income buyers seeking inner-city lifestyle and connectivity, while the high-volume unit market attracts investors and first-home buyers drawn by strong rental yields. Recent trends show modest house price appreciation contrasting with softening unit values, reflecting divergent pressures. Future demand is underpinned by enduring rental growth and its prime location, though high house prices constrain affordability and the substantial unit supply presents a key risk to capital growth in that segment.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1156m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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