Unit Property in St Kilda opportunity opinions sought

Discussion in 'The Buying & Selling Process' started by Switchtronics, 6th Dec, 2015.

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  1. Switchtronics

    Switchtronics Well-Known Member

    10th Oct, 2015

    Just wondering if anyone could give their advice on this property. Looking for a property with strong capital growth aspects and a suburb with a good vibe. I have been watching Balaclava, Hawthorne, St Kilda, Carnegie. With all the units available within the area this one appealed to stand out as it has a reasonably large living area, new kitchen, laundry, balcony with a good view and solid location. The rent seems quite strong for Melbourne.

    Top Floor
    Dual Level
    2 / 1 / 1
    New kitchens, bathrooms
    estimated rent $550 per week
    body corp $2150 p.a.
    purchase price $561.2500

    St Kilda 6km from cbd, close to Acland street, and Luna Park
    The suburb seems to be slightly negative with unit pricing at present, possibly presenting a good buy.

    Seems reasonably priced for the location.
    12/35 Carlisle Street St Kilda Vic 3182 - Apartment for Sale #121265286 - realestate.com.au