8 Westbury St, St Kilda East is a 2 bedroom, 1 bathroom Unit with 8 parking spaces. The property has a land size of 1429m2.
An investment opportunity of this calibre is a true rarity - an entire boutique Art Deco block of eight beautifully renovated residences, each on its own title, to be sold as one! Perfectly positioned in the vibrant heart of Balaclava, just moments from the buzz of Carlisle Street, this immaculately maintained solid brick block presents the ultimate opportunity for the savvy investor seeking reliable returns & long term capital growth. Comprising four spacious two-bedroom apartments & four one-bedroom apartments, all superbly updated. This is a ready-made portfolio delivering immediate income with exceptional scope to hold, on sell individually or explore an array of future prospects for capital growth (STCA). Each light-filled two-bedroom residence showcases polished timber floors, a generous living & dining room, a modern kitchen with stainless steel appliances (including dishwasher) & laundry facilities, two well-proportioned bedrooms (some with built-in robes) & a stylishly updated bathroom. The ground floor apartments enjoy private courtyards, while the upstairs apartment features a balcony terrace. The one-bedroom apartments are equally impressive, offering open plan living & dining served by modern kitchen as well as a spacious bedroom with built-in robes & updated ensuite. Additional features include split system heating/cooling in every apartment, secure intercom entry, communal laundry facilities & off-street parking behind automated front gates. Superbly positioned in an in-demand lifestyle location close to Carlisle Streets shops, restaurants, cafes & supermarkets, Balaclava Station, trams & with St Kilda Beach, Chapel Street & Alma Park within easy reach.
The size of St Kilda East is approximately 2.3 square kilometres. There are 9 parks, covering nearly 6.8% of the total area. The population of St Kilda East in 2016 was 13101 people. By 2021 the population was 12571 showing a population decline of 4.0% in the area during that time. The predominant age group in St Kilda East is 30-39 years. Households in St Kilda East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Kilda East work in a professional occupation.In 2021, 48.80% of the homes in St Kilda East were owner-occupied compared with 44.30% in 2016.
St Kilda East has 7,896 properties. Over the last 5 years, Houses in St Kilda East have seen a -9.13% decrease in median value, while Units have seen a -2.23% decrease. As at 31 July 2026:
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