31 Park StreetSt Kilda West VIC 3182
Property Details for 31 Park St, St Kilda West
Last Listing description (April 2025)
A rare opportunity in one of Melbournes most popular beachside suburbs, this entire Tudor style block of eight two-bedroom apartments in the heart of St Kilda West is offered for sale as one , only meters away from Beaconsfield Parade and St Kilda Beach on a huge block of land. Only 350m to Fitzroy Street, this classic 1940s block offers strong yields and capital growth as well as future development potential with scope for strata subdivision and building at the rear with direct views of the water (STCA). The apartments retain their authentic charm with high ceilings, elegant lines, and open fireplaces. Set on a level 1029 sqm of land with large outdoor grounds, the beautifully maintained full-brick block presents a unique landbank opportunity suited to the investor/home builder or SMSF buyer in a prime location between St Kilda beach and Albert Park. Retain as a solid investment or explore the potential to renovate as a family compound and add value as well as scope to develop the rear to one major residence with direct water views. - Entire Tudor style block of 8 large apartments - 200m walk to beautiful Catani Gardens & Beach - Beautiful facade, original deco details - Classic layouts, light and updated interiors - Each with 2 bedrooms and built-ins plus balconies - Full side drive with three garages. - Spacious living rooms, hardwood timber floors - Open fireplaces, updated kitchens, and bathrooms - Sunny common grounds - Each apartment has its own private balconies. - High-yielding bricks and mortar land asset - Strong rental demand and income stream - Ideal to retain as a solid income earner - Exciting potential to add significant value - Scope for future strata subdivision STCA - Potential to develop STCA - 350m walk to Fitzroy Street - Walk down to the beach and St Kilda Pier - 600m to Albert Park Lake Reserve - Current rental return $226,800pa (approx.) - Plans available to build out the backSee 3D external link below for a full detailed outside view of this entire property.
Property History for 31 Park St, St Kilda West, VIC 3182
- 15 Nov 2024Listed for Sale Contact Agent
- 29 Aug 2023Listed for Sale EOI $6,000,000 - $6,600,000
- 13 Dec 2014Listed for Rent - Price not available
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About St Kilda West 3182
The size of St Kilda West is approximately 0.5 square kilometres. It has 7 parks covering nearly 18.1% of total area. The population of St Kilda West in 2016 was 3162 people. By 2021 the population was 2951 showing a population decline of 6.7% in the area during that time. The predominant age group in St Kilda West is 30-39 years. Households in St Kilda West are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in St Kilda West work in a professional occupation.In 2021, 46.50% of the homes in St Kilda West were owner-occupied compared with 42.70% in 2016.
St Kilda West has 1,962 properties. Over the last 5 years, Houses in St Kilda West have seen a -21.50% decrease in median value, while Units have seen a 6.85% increase. As at 31 December 2025:
- The median value for Houses in St Kilda West is $2,414,008 while the median value for Units is $642,220.
- Houses have a median rent of $583 while Units have a median rent of $500.
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