1-6/270 Barkly Street, St Kilda, Vic 3182

$1,800,000 - $1,980,000

Block Of Units
Type
6
Bedrooms
6
Bathrooms
3
Parkings

Last updated on Monday, July 06, 2026 ( See property details for 1-6/270 Barkly Street, St Kilda, Vic 3182)

$1,800,000 - $1,980,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A charming and versatile block of six one-bedroom apartments in a premier St Kilda location, offering excellent investment potential and flexible living options.

🏡 Property Highlights

  • Prime location in St Kilda's blue ribbon land with easy access to beaches and vibrant streets
  • Generous 1-bedroom apartments with charming period details
  • Flexible sunrooms in three apartments suitable as home offices or reading rooms
  • Established long-term tenants ensuring steady income
  • Potential to add three parking spots via rear access for added convenience
  • Investment opportunity with a strong gross annual income of $125,640

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Home Office / Study
  • Outdoor Area
  • Secure Parking
  • Extra Storage (Shed/Linen)
  • Waterfront / Views
  • Balcony
  • Pet-Friendly
  • Garage / Secure Parking

St Kilda is a vibrant seaside suburb renowned for its lively atmosphere, iconic beaches, and eclectic streets. It offers excellent lifestyle amenities, including cafes, restaurants, parks, and entertainment venues. The area boasts strong rental demand and long-term growth potential, making it ideal for investors and residents alike. Its proximity to public transport and major attractions ensures a convenient and dynamic lifestyle. St Kilda’s unique blend of coastal charm and urban convenience makes it one of Melbourne’s most sought-after locations.

What is the current rental income and potential for future growth?
The property currently generates a gross annual income of $125,640, with potential for further growth depending on rental market conditions and possible upgrades.
Are there any restrictions or covenants on the land or property?
The property is situated on a single title on 467 sqm of land, with no known restrictions; however, buyers should verify with local council regarding any specific covenants or zoning regulations.
What are the ongoing ownership costs and maintenance requirements?
Estimated net income after ownership costs is approximately $104,000, which includes maintenance, council rates, and management fees. Buyers should conduct due diligence for detailed costs.
Is there potential to develop or renovate the property?
Given the land size and zoning, there may be potential for development or renovation, subject to council approval. Buyers should consult with local planning authorities.
What is the condition of the apartments and period features?
The apartments are well-maintained with charming period details, offering a blend of character and functionality. A detailed inspection is recommended.
Are there any existing easements, covenants, or planning restrictions affecting the property? What are the potential costs for future repairs or upgrades to the apartments? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any upcoming development or construction plans nearby that could impact the property? What are the strata or body corporate arrangements, if applicable, and associated fees?

1-6/270 Barkly Street, St Kilda, Vic 3182 - More Details

$1,800,000 - $1,980,000

Type
Block Of Units
Bedrooms
6
Bathrooms
6
Parkings
3

Price guide

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