5 Raglan Street

St Kilda East VIC 3183

An extraordinary combination of a timeless Edwardian home and three distinct units, this stunningly positioned, large-block rarity promotes potential to capitalise on a thriving rental market, reimagine from the ground up, or repurpose entirely with a series of cutting-edge, luxury residences.Its current configuration ideal for attracting passive incomes while council plans progress, outstanding dimensions and no heritage overlay prove perfect for a multi-dwelling development, with second frontage to a wide, asphalt laneway streamlining construction access and broadening architectural possibilities. Exquisite period features ensure the charismatic home remains a superb prospect for a tasteful, family-minded renovation, with ample room available to make the most of a sun-soaked yard with an in-ground pool and entertainers setting. Without question of the most inspiring land prospects anywhere its prestigious locale, the vibrant nightlife, first-rate coffee, eclectic retail, and renowned restaurants of Carlisle and Chapel Street sit just steps away. Balaclava Station and Dandenong/St Kilda Road trams promise a quick commute to the CBD via Albert Park Lake, the blissful Botanic Gardens, and lively Arts Centre, with the areas revered public and private schools (zoned for Windsor Primary and Elwood College) nearby.Land size: 852sqm (approx.)* All potential uses of the parcel and/or dwellings are subject to council approval