40 Alma Rd, St Kilda is a 20 bedroom, 12 bathroom Unit with 12 parking spaces. The property has a land size of 1381m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
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A significant St Kilda property with an amazing history and magnificent future.
Built as a showcase home within the Charnwood Estate and set on sprawling grounds in glitzy Bayside St Kilda, the property enjoyed many years of grandeur until the 1960's when, and typical in the era, apartments were added to the front and side of the property resulting in its current configuration of 12 apartments set on an enormous allotment of some 1400 square metres approximately on the corner of Alma Road and Charnwood Crescent.
The complex consists of 3 studios, 2 x one bedroom, 2 x two bedrooms, 1 x three bedroom and 4 x two-bedroom apartments within the Mansion all of which are on one title. To the rear, you will find a vacant site that runs east-west with a frontage to Charnwood Crescent allowing for possible development (STCA).
With options a-plenty, the possibilities are to;
Retain as is as an investment
Improve, subdivide (STCA), keep or sell
Develop the rear portion of land (STCA)
Return to former glory by demolishing the 60's apartments and reinstating one of St Kilda's oldest homes into a Melbourne showpiece.
The size of St Kilda is approximately 3.2 square kilometres. It has 17 parks covering nearly 21.5% of total area. The population of St Kilda in 2016 was 20230 people. By 2021 the population was 19490 showing a population decline of 3.7% in the area during that time. The predominant age group in St Kilda is 30-39 years. Households in St Kilda are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Kilda work in a professional occupation.In 2021, 37.10% of the homes in St Kilda were owner-occupied compared with 33.50% in 2016.
St Kilda has 18,608 properties. Over the last 5 years, Houses in St Kilda have seen a -6.72% decrease in median value, while Units have seen a -1.41% decrease. As at 31 March 2026:
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