96 Grey Street, St Kilda, VIC 3182 | Property Value & History | OnTheHouse
 
OFF MARKET

96 Grey Street
St Kilda VIC 3182

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 854m2
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Property Details for 96 Grey St, St Kilda

96 Grey St, St Kilda is a 4 bedroom, 2 bathroom House. The property has a land size of 854m2.

Building Type
House
Land Size
854m2
Local Government
Port Phillip
Lot/Plan
2/PS334525

Last Listing description (February 2026)

This is a once-in-a-lifetime opportunity for the astute investor, offering a substantial property with remarkable rental income. Spanning approximately 854sqm, this prime St Kilda allotment is currently occupied by four individually titled homes, each operating as high-yield, fully furnished rental accommodations.

The property breakdown is as follows:
House 1: Four self-contained one-bedroom/studio apartments

House 2: Seven-bedroom dwelling
House 3: Registered Boarding House with eight rooms
House 4: Four-bedroom house with an adjacent studio
Generating a gross rental return of approximately 10%, this is an unparalleled investment with incredible cash flow. While immediately profitable, the property also holds significant future potential-whether through modern updates, redevelopment, or a long-term land-banking strategy (STCA).

Perfectly positioned just moments from Barkly, Acland, and Fitzroy Streets, as well as Albert Park, St Kilda Beach, and key public transport links, this is an opportunity to secure a high-performing asset in one of Melbourne's most sought-after lifestyle locations.

Invest, develop, or hold - the choice is yours, but opportunities like this don't come around often.

Disclaimer:
All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Belle Property does not guarantee the accuracy or completeness of any plans, illustrations, or representations shown in marketing materials. We recommend that all prospective buyers conduct their own research, seek independent advice, and confirm all details independently prior to making any property-related decisions. Belle Property accepts no responsibility for any discrepancies or misstatements.

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Property History for 96 Grey St, St Kilda, VIC 3182

A timeline of how this property has performed in the market
Listed for Rent
$980/w
06 May 2022
  • 20 Feb 2026
    Listed for Sale $3,500,000
  • 16 Dec 2025
    Listed for Rent $1,500 / week
  • 30 Oct 2025
    Listed for Sale $3,500,000
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About St Kilda 3182

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 18,704 properties. Over the last 5 years, Houses in St Kilda have seen a -0.13% decrease in median value, while Units have seen a -2.10% decrease. As at 28 February 2026:

  • The median value for Houses in St Kilda is $1,640,704 while the median value for Units is $537,279.
  • Houses have a median rent of $550 while Units have a median rent of $550.
There are currently 50 properties listed for sale, and 27 properties listed for rent in St kilda on OnTheHouse. According to Cotality's data, 864 properties were sold in the past 12 months in St kilda.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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