31 Octavia Street
St Kilda, VIC 3182

Overview

31 Octavia Street, St Kilda VIC 3182

Positioned in one of St Kilda’s most connected pockets, this substantial 426 square meter General Residential Zone 1 (GRZ1) allotment offers a unique blend of immediate livability, flexible accommodation, and promising long-term potential.

Behind a secure brick frontage, the existing home is more than just a holding asset. It is solidly built, well-proportioned, and thoughtfully designed, featuring up to four bedrooms and multiple living zones. The floorplan is conducive to a straightforward cosmetic update, making it an excellent base for renovation without requiring major structural changes.

The generous living and dining areas are complemented by a functional kitchen and meals space that overlooks the garden, providing a pleasant and practical environment for daily living. The home’s structure and room sizes offer versatility and an excellent foundation for enhancement.

Adding to the property’s flexibility is a separate studio with its own bathroom. This space is ideal for extended family members, work-from-home arrangements, or guest accommodation. Additionally, it can be easily converted back into additional garage space if preferred, enhancing the property's adaptability to various needs.

Off-street parking is well catered for with a carport and additional space, a significant advantage in this tightly held inner-urban location where parking can be limited.

For those considering longer-term prospects, the landholding and zoning open opportunities for future redevelopment, subject to council approval (STCA). Surrounding projects provide clear precedents for multi-unit developments, and the site’s positioning and orientation further enhance its appeal from a planning perspective.

The location is equally compelling. Just moments from St Kilda Road trams, it offers a direct commute to the Central Business District (CBD). Nearby amenities include Fitzroy Street, Chapel Street, Albert Park, and the bay, placing lifestyle and convenience at the forefront.

Whether you choose to move in immediately, renovate and enhance, lease out while planning, or explore development options, this property offers flexibility today and opportunity for tomorrow.

Location