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Unit Property in St Kilda opportunity opinions sought

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

  1. Switchtronics

    Switchtronics Active Member

    10th Oct, 2015
    Alice Springs

    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 -