St Kilda at a glance
23,207
People
No data
Median sale
$547/wk
Median rent
No data
Suburb gross yield
VIC › St Kilda › Spenser St
$2,080,000–$2,280,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
1
Car spaces
443 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$2,080,000–$2,280,000
Asking range · $4,695/m² of land
No recorded sale for this property.
St Kilda at a glance
23,207
People
No data
Median sale
$547/wk
Median rent
No data
Suburb gross yield
Based on the low end of the asking range, not a contract price.
$122,514 on top of the price (5.9% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with St Kilda's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $547/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 1.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
St Kilda at a glance
23,207
People
No data
Median sale
$547/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Professionals First & CoExpressions of Interest close at 5:00 PM, Monday 7 September.
Plans for dual, luxury townhouses ALREADY DONE with beach views - knock down and start, renovate the current home or land bank. Endless opportunities!
The value at 19 Spenser Street starts with a combination that is increasingly difficult to secure: less than 10km from Melbourne’s CBD, directly opposite Peanut Farm Reserve and just a five-minute walk to St Kilda Beach. Set in a no-through street away from the noise and exposure of Marine Parade, it gives buyers the double lifestyle advantage of parkland in front and the foreshore down the road, with cafés, shops, Woolworths and trams all within walking distance.
The existing home gives the site more than land value. A solid brick, double-fronted period residence with red brickwork, a wide verandah, decorative timber fretwork and high ceilings, it has the character and proportions to support a genuine renovation or extension. Four bedrooms, two bathrooms, generous living spaces and a deep rear garden give buyers a strong starting point if they want to restore, lease or hold.
For those looking further ahead, plans for two contemporary four-bedroom, three-bathroom townhouses have already been prepared. The proposed residences have been designed around the site’s strongest assets, with reverse living to capture the park outlook and roof deck elements taking advantage of the beachside position.
Whether renovated, held or developed, this is a property underpinned by the kind of location that continues to drive demand: beach in minutes, parkland in front and everyday St Kilda amenity on foot.
Property Features
● Currently returning $4,128 per calendar month, equating to approximately $49,536 per annum, with an extremely low vacancy rate.
● Beachside landholding: Approximately 443sqm in a position only 450m from St Kilda Beach.
● Park-front setting: Directly opposite Peanut Farm Reserve, adding outlook, openness and lifestyle appeal.
● Quiet street advantage: No-through street position away from the constant movement of Marine Parade.
● Existing period home: Solid brick, double-fronted residence with red brickwork, decorative timber fretwork, high ceilings and strong street presence.
● Renovation and extension appeal: Four bedrooms, two bathrooms, generous living spaces and a deep rear garden provide a strong starting point.
● Dual townhouse pathway: Plans for two contemporary residences, with reverse living, a lift and a roof deck offering beach views.
● Multiple outcomes: Renovate, extend, lease, hold or pursue the approved townhouse direction.
Location Highlights
● Directly opposite Peanut Farm Reserve
● 2 min walk to Woolworths St Kilda (270m)
● 5 min walk to St Kilda Beach (450m)
● Easy access to trams and public transport
● Near Luna Park, St Kilda Marina and local parkland
A beachside period home with parkland in front, character to work with and a future already in place.
Photo ID required at all open for inspections.
Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Listing description written by Eddie Fu, Professionals First & Co — reproduced as published, not verified by Districts.