503/610 St Kilda Road Melbourne VIC 3004

Two-bedroom apartment | St Kilda Road address | Study can function as second bedroom | Light-filled open plan | Strong rental yield suburb This apartment offers a rare combination of a prime St Kilda Road location with a genuinely flexible layout. The study, large enough to serve as a second bedroom, gives a buyer an edge over standard two-bedroom units in the same price bracket. Floor-to-ceiling windows and an open-plan design make the interior feel more spacious than its footprint suggests, which matters for both owner-occupiers and tenants. The building’s position on a prestigious boulevard with a tram stop at the door and proximity to Albert Park supports strong rental demand, particularly from professionals aged 20-39 who dominate the suburb. For a first home buyer or investor, this unit competes well against newer stock that often sacrifices living space for a second bathroom. The main risk is the building’s age and the 2007 purchase history, which may signal limited capital growth compared to newer developments. The single bathroom and one car space are functional but not premium, and the price guide variation across platforms suggests the seller may be testing the market. The 5.4% rental yield is solid for Melbourne, but the 0.8% suburb growth rate is modest. The buyer should negotiate firmly, using the rental yield and low growth as leverage. Hold this property for cash flow, not speculation, and consider it a long-term position in a stable, well-located market.