9/2 Redan Street St Kilda VIC 3182

9/2 Redan Street St Kilda VIC 3182
Ground-floor Art Deco unit | boutique 1929 block of eight | sunroom with natural light | prime St Kilda position | single-level living with car space. This apartment occupies a rare configuration in a tightly held block, where the ground-floor front position and sunroom create a light-filled, private interior that most period flats lack. The 62-square-metre floor plan, while modest, is efficiently laid out and benefits from modern updates that preserve original character. For a buyer seeking a lock-and-leave home in a prestigious St Kilda pocket, this property offers a genuine point of difference over newer developments: period charm, low density, and a car space in a walkable location. It suits downsizers, investors targeting stable rental demand, or owner-occupiers who prioritise character over square metres. The heritage overlay imposes constraints on external alterations, which limits future value-add potential but also protects the blockโ€™s aesthetic and exclusivity. The 2021 purchase price provides a clear benchmark, and the current price guide sits within a tight range, suggesting limited negotiation room. The six-month lease history indicates possible short-term tenant preference, but the areaโ€™s consistent rental demand supports a buy-and-hold strategy. Use this property as a low-maintenance base or a steady rental income stream in a suburb where supply of such units is structurally constrained.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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

1

Bathroom

-

Parking

-

Land

1028mยฒ

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