OFF MARKET

5/89A Alma Road
St Kilda East VIC 3183

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 187m2
Land area: 836m2
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Property Details for 5/89a Alma Rd, St Kilda East

5/89a Alma Rd, St Kilda East is a 3 bedroom, 1 bathroom Unit and was built in 1865. The property has a land size of 836m2 and floor size of 187m2.

Building Type
Unit
Year Built
1865
Floor Size
187m2
Land Size
836m2
Local Government
Port Phillip
Lot/Plan
5/PS618091

Last Listing description (September 2024)

Glorious architect designed unique penthouse sitting at the top of a boutique mansion of four apartments at 89a Alma Rd, this is an impeccable residence first occupied in 2010. The Kangatong penthouse is of grand proportions.

It has three large, light filled bedrooms, polished hardwood floors, and spacious and sunny open plan living and dining room. It has a stylish kitchen with black galaxy granite benchtops, a sleek bathroom with separate toilet, and laundry facilities. It has jaw-dropping ceilings and large skylights, along with a huge terrace with stunning views. Premium on-title parking space. Passive ventilation system and pressed metal walls and period fittings. The penthouse also includes private intercom, security entrances, Art Deco details and 5-star hot water. The penthouse has a 5-star energy rating, fire and acoustic separations, modern wiring, plumbing, Daikan 5 point-heating and cooling, not a cent to spend.

At approx. 140sqm, this unit is substantially larger than most. It's mere metres from Alma Park, 10 minutes' walk to Balaclava or Windsor Stations, and approx. 20m from Chapel St tram. The penthouse is situated in extensive common grounds, set well back from the street, giving it a quiet charm with stunning views. This is the first time since the penthouse was completed in 2010 it has been on the market.

This is a rare opportunity to purchase this unique penthouse on top of historic Kangatong Mansion. The building dates from 1861 during the gold rush and Marvellous Melbourne building boom. What a combination of modern build, historic charm, setting and location.

Whether you're a first home buyer or a savvy investor (bringing a 4.9% return approx) this beautiful penthouse delivers hassle-free, secure living in an ideal location. It has extensive storage areas and service ducts for ease of a maintenance. The penthouse has development potential (with plenty of storage spaces enabling extensions to the current floorplan).
Secure your inspection with Alexander at Barry Plant.

Property History for 5/89a Alma Rd, St Kilda East, VIC 3183

A timeline of how this property has performed in the market
Listed for Rent
$650/w
14 Jul 2020
  • 26 Aug 2024
    Listed for Sale Not Disclosed
  • 04 Jul 2024
    Listed for Sale $900,000 to $990,000
  • 27 Apr 2020
    Listed for Rent $650 / week
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About St Kilda East 3183

The size of St Kilda East is approximately 2.3 square kilometres. It has 9 parks covering nearly 6.8% of total area. The population of St Kilda East in 2011 was 12,574 people. By 2016 the population was 13,120 showing a population growth of 4.3% 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 2011, 45.8% of the homes in St Kilda East were owner-occupied compared with 44.3% in 2016.

St Kilda East has 7,829 properties. Over the last 5 years, Houses in St Kilda East have seen a 27.50% increase in median value, while Units have seen a 6.73% increase. As at 31 July 2024:

  • The median value for Houses in St Kilda East is $1,845,273 while the median value for Units is $582,523.
  • Houses have a median rent of $775 while Units have a median rent of $500.
There are currently 15 properties listed for sale, and 22 properties listed for rent in St kilda east on OnTheHouse. According to CoreLogic's data, 320 properties were sold in the past 12 months in St kilda east.

Suburb Insights for St Kilda East 3183

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.