5 Raglan St, St Kilda East is a 8 bedroom, 6 bathroom House. The property has a land size of 860m2. While the property is not currently for sale or for rent, it was last transferred in August 2019.
With 860 sqm (approx.) of terrific land making it one of the most coveted development opportunities in St Kilda East, this original residence is ready to be transformed into something stylish and modern. Currently a readymade investment portfolio comprising 8 flats and provides the option of building an apartment complex or new townhouses. Brilliantly located close to the lively Chapel St and Carlisle St shopping strips, trams, Balaclava train station and Alma Park.
- Neighbouring developments in Raglan St has set a precedent
- Ideal to convert in to an apartment complex (STCA)
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:
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