31 Octavia Street, St Kilda, VIC 3182

Positioned in one of St Kilda’s most connected pockets, this substantial 426sqm (approx.) GRZ1 allotment delivers a rare combination of immediate livability, flexible accommodation and long-term upside. Behind its secure brick frontage, the existing home is far more than a holding asset. Solid, well-proportioned and thoughtfully laid out, it offers up to four bedrooms, multiple living zones and a floorplan that lends itself perfectly to a straightforward cosmetic update. A generous living and dining domain is complemented by a functional kitchen and meals area with garden outlook, while the home’s structure and room sizes provide an excellent base for renovation without the need for major reconfiguration. Adding further versatility is a separate studio with its own bathroom, ideal for extended family, work-from-home flexibility or guest accommodation, while also offering the ability to be easily reinstated as additional garaging if preferred. Off-street parking is well catered for with a carport and additional space, a genuine advantage in this tightly held inner-urban location. For those looking longer term, the landholding and zoning open the door to future redevelopment (STCA), with surrounding projects providing clear precedent for multi-unit outcomes. The site’s positioning and orientation further enhance its appeal from a planning perspective. Equally compelling is the location. Just moments from St Kilda Road trams for a direct CBD commute, with Fitzroy Street, Chapel Street, Albert Park and the bay all within easy reach, this address places lifestyle firmly at the forefront. Whether you choose to move straight in, renovate and enhance, lease out while planning, or explore development options, this is a property that offers flexibility today and opportunity tomorrow.