Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

VIC › Melbourne › St Kilda Rd

806/472-474 St Kilda Rd, Melbourne VIC 3004

For saleApartment

$985,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $985,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $985,000(Listing record · 12 Aug 2026)
  • CalculationIf it leased at Melbourne's advertised median rent ($639/wk), implied gross yield would be 3.37% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$985,000

Asking

No recorded sale for this property.

Melbourne at a glance

74,776

People

No data

Median sale

$639/wk

Median rent

No data

Suburb gross yield

See the full Melbourne report →

Total cost to purchase

Purchase Price
$985,000
Stamp Duty (Victoria)
$54,175
Transfer/Registration Fee
$2,409
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,045,284

$60,284 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Melbourne's advertised median rent — not a rent for this listing.

Net yield
1.87%
Annual cashflow (pre-tax)
$-32,767
Interest cover (DSCR)
0.36
Annual rent
$33,228
Operating expenses
$14,775
Loan amount
$788,000
Annual interest
$51,220
Gross yield
3.37%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$985,000available12 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $639/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.4%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Melbourne in one glance

Melbourne at a glance

74,776

People

No data

Median sale

$639/wk

Median rent

No data

Suburb gross yield

See the full Melbourne report →

Keep researching

  • Why Melbourne? Read the area thesis →
  • What else is on the market in Melbourne →
  • Other records on St Kilda Rd →

Listing material

Listed by Melcorp Real Estate Melbourne

Nomination Sale – Expansive Corner Residence in Landmark Park Quarter

An exceptional opportunity to secure a premium corner residence within Park Quarter by way of nomination prior to settlement.

Positioned within one of St Kilda Road's most anticipated developments, this thoughtfully designed residence offers approximately 95sqm of living with two bedrooms, two bathrooms and secure parking for one vehicle. The corner configuration creates an enhanced sense of space, natural light and privacy, making it equally suited to refined owner-occupied living or a premium long-term investment.

Designed by Cox Architecture with sophisticated interiors by Carr and landscaping by renowned landscape designer Paul Bangay, Park Quarter draws inspiration from the parklands and established greenery surrounding its prominent St Kilda Road and Leopold Street address. The Garden Home interiors combine clean lines, natural finishes and a timeless neutral palette, with stone benchtops, stainless-steel ASKO appliances and carefully considered lighting and joinery.

Read the full description

Rising across 18 levels, the landmark development has been designed to respond to its position near Fawkner Park and Albert Park Lake, while providing convenient access to the Royal Botanic Gardens, Melbourne's Arts Precinct, the NGV, Southbank, leading schools, hospitals, dining and shopping. Trams operate along St Kilda Road, with Anzac Station also nearby.

Residents will enjoy an impressive collection of private amenities and services, including 24-hour concierge, an elegant residents' lobby, co-working space and library, private dining and lounge areas, a cinema room and golf simulator. Additional conveniences include parcel and mail services, e-bike hire, a mud room and dog-washing facilities.

Adding another dimension to the development, levels one to five are planned to accommodate Marriott Executive Apartments, with a separate hotel entrance from Leopold Street. Included with this nomination is a complimentary two-year amenity pass providing access to the hotel-grade indoor swimming pool, fully equipped gym and sauna facilities.

This nomination sale presents a rare opportunity to secure a generously proportioned corner residence in a landmark development before settlement.

Property details: Approximately 95sqm, two bedrooms, two bathrooms and one secure car space.

The property is offered by way of nomination prior to settlement. The nomination, complimentary amenity pass, inclusions and settlement arrangements remain subject to the existing contract, developer approval and applicable terms. Prospective purchasers should obtain independent legal advice. Images are artist impressions and may depict upgrades, alternative layouts or shared facilities.

Listing description written by Jarryd Hatfield, Melcorp Real Estate Melbourne — reproduced as published, not verified by Districts.

Also look at

Also for sale in Melbourne

  • 1504/472-474 St Kilda Rd, Melbourne VIC 3004

    3-bed apartment. Asking $3.08M.

    For sale
  • U1212, 605 St Kilda Rd, Melbourne VIC 3004

    2-bed apartment. Asking $690K–$740K.

    For sale
  • U501, 442 St Kilda Rd, Melbourne VIC 3004

    2-bed apartment. Asking $600K–$650K.

    For sale
  • U301, 469 St Kilda Rd, Melbourne VIC 3004

    3-bed apartment. Currently listed.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.