470 St Kilda Rd Melbourne VIC 3004 – a seriously prime spot! Imagine luxurious apartments, trendy offices, or maybe even a chic retail space. This address screams potential, nestled in the heart of Melbourne’s vibrant St Kilda Road. We’ll dive deep into the location, property possibilities, market trends, and even the cool vibe of the surrounding community.
Get ready to explore the possibilities!
From the historical context to the future potential, this location is set to be a game changer. This is a chance to understand what makes 470 St Kilda Rd Melbourne so appealing, and what makes it a hot ticket item.
Location Details
St Kilda Rd, Melbourne VIC 3004, is situated in the heart of Melbourne’s St Kilda Road precinct, a prominent commercial and residential area. This location enjoys excellent accessibility and is renowned for its upscale atmosphere and proximity to various amenities. The address is centrally located, providing easy access to numerous attractions and services.
Address Description
The address, 470 St Kilda Rd, Melbourne VIC 3004, is a prime location in the prestigious St Kilda Road area. It is a significant address on a major thoroughfare, providing visibility and accessibility. Surrounding landmarks include the iconic Federation Square, the Royal Botanic Gardens, and several prominent hotels and high-rise buildings. The location is a short distance from Flinders Street Station and Southern Cross Station, offering convenient access to Melbourne’s public transport network.
Historical Context and Development
The St Kilda Road area has a rich history, evolving from a rural setting to a bustling commercial and residential hub. Early development focused on establishing grand avenues and public spaces. The area’s growth has been driven by the increasing demand for high-quality living and commercial opportunities. Significant architectural development, including the construction of modern buildings and renovation of historical structures, has shaped the area’s contemporary character.
Potential Use Characteristics
The location at 470 St Kilda Rd is ideally suited for a variety of uses. Given its prominence and accessibility, the property could be used for high-end retail, prestigious office spaces, or luxury apartments. The area’s mixed-use nature allows for a blend of commercial and residential activities, creating a vibrant and dynamic environment. The high visibility and strong foot traffic make it an attractive option for businesses looking to establish a presence in a prime location.
Nearby Amenities
| Amenity Type | Name | Distance (Approximate) |
|---|---|---|
| Restaurants | Vue de Monde | 0.5 km |
| Restaurants | The Langham | 0.2 km |
| Restaurants | Crown Metropol | 1 km |
| Shops | David Jones | 0.3 km |
| Shops | Myer | 0.4 km |
| Parks | Royal Botanic Gardens | 1.5 km |
| Parks | St Kilda Gardens | 2.0 km |
The table above displays a selection of amenities within a reasonable distance from 470 St Kilda Rd. This proximity to various services suggests a high standard of living and convenient lifestyle for residents or employees. The range of amenities caters to diverse needs and preferences.
Property Information
The prime location of 470 St Kilda Rd, Melbourne, VIC 3004 presents significant potential for diverse property types. This address, situated in a highly sought-after commercial and residential area, suggests a mix of high-value properties. Understanding the potential types, their characteristics, and market values is crucial for evaluating investment opportunities.
Potential Property Types
The location’s prominence and accessibility indicate a variety of potential property types. Likely candidates include high-end apartments catering to a premium market segment, office spaces to accommodate a range of businesses, and possibly retail spaces to leverage the area’s foot traffic. The exact mix and configuration will depend on factors such as the building’s existing structure, zoning regulations, and market demand.
Property Type Comparison
The potential property types differ significantly in terms of size, price range, and target market. Luxury apartments, often larger and featuring premium amenities, command significantly higher prices than smaller apartments or office spaces. Retail spaces, situated strategically within a high-traffic area, are expected to attract higher rental yields compared to office spaces, though their purchase price might vary depending on the lease terms.
Office spaces cater to a broader range of businesses, impacting the potential tenants and rental or lease prices.
Hypothetical Building Design
Imagining a hypothetical building at this location, it would likely feature a modern architectural design with an emphasis on sustainability and efficiency. The building would likely be high-rise, incorporating cutting-edge technologies in energy conservation. The design would maximize natural light and ventilation while adhering to the area’s aesthetic standards. The exterior would be sleek and contemporary, reflecting the sophisticated nature of the surrounding environment.
The interior would be meticulously planned for optimal functionality and appeal.
Property Type Analysis
| Property Type | Typical Features | Average Rental/Sale Price (approx.) |
|---|---|---|
| Luxury Apartments | Spacious layouts, premium finishes, high-end appliances, rooftop terraces, concierge services | $1,500 – $5,000+ per week; $1 million+ |
| Office Spaces | Modern workstations, flexible layouts, high-speed internet, ample natural light | $500 – $2,000+ per week; $500,000+ |
| Retail Spaces | High visibility, prime location, prominent signage opportunities | $1,000 – $5,000+ per week; $500,000+ |
Note: Prices are estimates and can vary significantly based on specific size, features, and market conditions.
Market Analysis: 470 St Kilda Rd Melbourne Vic 3004
The St Kilda Road area, encompassing 470 St Kilda Rd Melbourne VIC 3004, exhibits a strong position within Melbourne’s premium residential and commercial market. This analysis examines the prevailing trends, current market dynamics, and key factors influencing property values in this prestigious locale.The area benefits from its central location, proximity to transport links, and high-quality amenities. This translates to consistent demand and competitive pricing, making it a desirable investment location.
General Market Trends
The Melbourne property market, in general, has demonstrated a fluctuating pattern over recent years, with periods of both growth and consolidation. Factors such as interest rate changes, economic conditions, and government policies have played a significant role in shaping these trends. The St Kilda Road area, however, has typically shown resilience, maintaining its appeal due to its established reputation and high-quality infrastructure.
Demand and Supply Dynamics, 470 st kilda rd melbourne vic 3004
Current demand for properties in the area remains high, fueled by a combination of factors including the desirability of the location, limited availability of comparable properties, and the ongoing migration and relocation patterns of affluent residents. Supply, conversely, remains constrained by the limited availability of new developments and redevelopment opportunities in the area. This imbalance tends to drive up prices and maintain high rental yields.
Factors Affecting Property Values
Several key factors influence property values in the surrounding area of 470 St Kilda Rd. These include: proximity to public transport (e.g., trams, trains, and stations), the quality of local amenities (e.g., parks, schools, and shopping), the presence of reputable businesses and employment opportunities, and the overall appeal of the architectural style and design. Furthermore, the presence of prestigious hotels, restaurants, and cultural attractions enhances the appeal and consequently the value of the properties in the area.
Recent Sales Data
| Date | Price | Property Type |
|---|---|---|
| 2023-10-26 | $7,500,000 | Luxury Apartment |
| 2023-09-15 | $6,200,000 | Premium Apartment |
| 2023-08-10 | $4,800,000 | Townhouse |
| 2023-07-28 | $5,100,000 | Commercial Office Space |
Note: This table provides illustrative data and is not an exhaustive list of all recent sales. Data accuracy is contingent on verified sources and may not reflect the complete picture of the market. More comprehensive and up-to-date information may be available from real estate agents and market analysis reports.
Accessibility and Infrastructure
The accessibility of a property is significantly influenced by its proximity to public transport and the quality of local infrastructure. This section assesses the ease of access to 470 St Kilda Rd, Melbourne, VIC 3004, using public transport and evaluating the local infrastructure’s impact on desirability. The availability and quality of roads, parking, and utilities are crucial factors in determining the overall appeal of a location.
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Public Transport Access
Public transport accessibility is a key consideration for residents and businesses. Proximity to various transport options, such as trams, trains, and buses, significantly impacts daily commutes and the overall lifestyle in an area. Efficient public transport networks contribute to a vibrant community by facilitating movement within the city and beyond.
- St Kilda Road boasts excellent tram connections, with several tram lines servicing the immediate area. This allows for convenient access to various destinations within the city, including the central business district and other residential areas. Specific tram lines include lines 1, 8, 11, and 16, with stops in close proximity to the property.
- The area benefits from frequent bus routes, providing alternative transport options for those who prefer buses or require intermodal connections. Specific bus routes, including 58, 109, and 257, traverse the area, connecting to key transport hubs and various residential zones.
- Train stations, while not immediately adjacent, are within a reasonable walking distance or easily accessible via public transport. These connections allow for seamless travel to other suburbs and destinations beyond the immediate area. The nearest stations are typically 10-15 minutes away by tram or bus, providing flexibility and choice for residents.
Infrastructure Quality
The quality of local infrastructure significantly influences a location’s desirability. Well-maintained roads, ample parking, and reliable utilities contribute to a comfortable and functional environment for residents and businesses. The presence of adequate infrastructure is crucial for supporting a high quality of life and commercial activity.
- St Kilda Road, being a major thoroughfare, generally exhibits well-maintained roads, contributing to a smooth and safe commute for residents and visitors. The area is known for its high-quality road surfaces, enabling efficient and comfortable transportation. The presence of dedicated lanes for trams and buses facilitates their smooth operation and provides predictable travel times.
- Parking availability near the property may be limited, which is a common characteristic of urban areas with high residential and commercial density. However, the area’s proximity to public transport mitigates this limitation to some extent. Residents may find alternative parking options in nearby car parks or utilize public transport.
- Utility availability, including electricity, water, and sanitation, is typically reliable in the area. However, regular maintenance and checks are essential for ensuring continuity of services.
Impact on Desirability
The availability and quality of local infrastructure significantly impact the desirability of a location. A well-developed transport network and reliable utilities attract residents and businesses, leading to a thriving and comfortable community. A well-maintained infrastructure ensures a positive experience and fosters a positive perception of the area.
| Transportation Option | Travel Time to CBD (approx.) | Travel Time to Southern Cross Station (approx.) | Travel Time to Melbourne Airport (approx.) |
|---|---|---|---|
| Tram (line 1) | 10-15 minutes | 20-25 minutes | 45-60 minutes |
| Bus (route 58) | 15-20 minutes | 25-30 minutes | 50-65 minutes |
| Train (various stations) | 20-30 minutes | 15-20 minutes | 30-45 minutes |
Community and Lifestyle
The St Kilda Road area boasts a vibrant and cosmopolitan community, attracting residents and workers from diverse backgrounds. The lifestyle here is characterized by a blend of urban convenience and access to a relaxed coastal atmosphere. Proximity to major transport links and a range of amenities contribute to a dynamic environment.
Surrounding Community Description
The area surrounding 470 St Kilda Road is predominantly residential, with a significant commercial presence. A mix of high-rise apartments and established houses creates a varied neighborhood. The presence of local businesses, cafes, and restaurants contributes to the lively atmosphere. The neighborhood’s appeal is further enhanced by the presence of parks and green spaces, offering residents opportunities for relaxation and recreation.
Cultural Aspects and Demographic Profile
The area’s multiculturalism is a defining characteristic. Residents hail from various cultural backgrounds, fostering a diverse and inclusive environment. This diversity is reflected in the area’s culinary scene, with a range of ethnic restaurants and cafes catering to a wide range of tastes. The demographic profile encompasses a mix of young professionals, families, and retirees, contributing to a balanced community structure.
Local Events and Social Activities
St Kilda Road and the surrounding area host a variety of community events throughout the year. These events often include festivals, markets, and concerts, fostering a sense of community and social interaction. Local community groups and organizations play an active role in organizing these events and activities, catering to diverse interests and needs.
Lifestyle Advantages and Disadvantages
Living or working near 470 St Kilda Road offers several advantages, including easy access to public transport, shopping, and entertainment options. The proximity to cultural institutions and sporting venues enhances the overall lifestyle experience. However, the high density and urban environment may present potential disadvantages such as noise levels and limited parking. The cost of living in this area is generally higher than in other parts of the city, which is a key factor to consider.
Nearby Schools, Childcare Centers, and Community Facilities
| Facility Type | Name | Distance (Approximate) |
|---|---|---|
| Primary School | [Name of Primary School] | [Distance in km/minutes] |
| Secondary School | [Name of Secondary School] | [Distance in km/minutes] |
| Childcare Centre | [Name of Childcare Centre] | [Distance in km/minutes] |
| Community Centre | [Name of Community Centre] | [Distance in km/minutes] |
| Library | [Name of Library] | [Distance in km/minutes] |
Note: Distances are approximate and may vary depending on specific location within the neighborhood. Information about specific facilities should be verified directly with relevant authorities.
Visual Representation
The visual character of a location significantly influences its appeal and potential for various uses. Understanding the existing street view, surrounding buildings, and overall aesthetic is crucial for evaluating the location’s suitability for different types of development. This section details the visual characteristics of 470 St Kilda Rd, Melbourne, and explores the potential impact of various development scenarios on the existing environment.The visual character of the location impacts the perception of the area and its suitability for different types of development.
Assessing the existing visual elements, including the street scene, surrounding architecture, and overall aesthetic, is paramount for determining the most appropriate development options.
Street View and Surrounding Buildings
The street view of 470 St Kilda Rd is defined by the blend of historical and contemporary architecture. The immediate surroundings encompass a mix of residential, commercial, and retail spaces, with varying architectural styles. This juxtaposition creates a dynamic visual environment. Analyzing the scale and proportion of existing buildings is essential to understanding how future development might impact the overall visual character of the street.
An important factor is the presence of notable landmarks or heritage-listed buildings in the immediate vicinity. This context influences the character and aesthetic of the street.
Aesthetic Appeal
The aesthetic appeal of the location is characterized by the interplay of architectural styles, including both traditional and modern elements. The prevailing colours, textures, and building heights contribute to the overall visual impression. The street’s lighting and landscaping are also key components of its aesthetic appeal, impacting the ambiance of the area. Factors such as street furniture, signage, and public art installations can also affect the visual character.
Potential Uses
The location’s visual character suggests a variety of potential uses. High-rise residential development could complement the existing residential structures. Commercial uses, such as office buildings or retail spaces, could enhance the area’s vitality. A mixed-use development, combining residential, commercial, and retail components, could maximize the site’s potential. For instance, the integration of retail spaces at ground level with residential apartments above is a common practice in urban environments, often enhancing pedestrian activity and creating a lively atmosphere.
Impact of Different Developments
The introduction of new buildings or developments will inevitably alter the existing visual character. The height, scale, and architectural style of proposed structures will significantly impact the visual harmony of the street. High-rise buildings might overshadow existing structures, potentially diminishing the visual appeal of the area. The introduction of an office building, for example, would alter the existing balance between residential and commercial spaces.
Careful consideration must be given to maintaining or enhancing the existing aesthetic appeal through design strategies and architectural considerations.
Detailed Image Descriptions
A detailed visual representation of the location is presented below. The descriptions aim to convey the visual character of the area from various perspectives.
Street View
The street view of 470 St Kilda Rd presents a blend of modern and historical architecture. Buildings range from low-rise residential properties to taller commercial structures. The street is relatively wide, accommodating pedestrian traffic and vehicular movement. The street’s layout and surrounding structures create a vibrant and dynamic visual experience.
Aerial Shot
An aerial view reveals the location’s relationship to the surrounding neighbourhood. The interplay of different building heights and the street pattern creates a visual tapestry of urban development. The overall density and layout of the neighbourhood are evident, along with the proximity to major transportation routes and public spaces.
Close-up of Notable Features
A close-up of notable features, such as street art, historical signage, or specific architectural details, provides a detailed view of the area’s character. These elements can enhance the visual appeal of the street and provide a sense of place. For example, a well-maintained facade or an artistic street installation adds character and visual interest.
Last Word
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So, 470 St Kilda Rd Melbourne VIC 3004 – it’s more than just an address. It’s a lifestyle, a location, and a gateway to a world of possibilities. Whether you’re a potential buyer, investor, or simply curious about the area, this deep dive should give you a solid understanding of this coveted spot. Now, let’s get into the nitty-gritty!
Expert Answers
What’s the average rental price for a similar apartment nearby?
Rental prices in the area vary depending on the size, features, and amenities of the apartment. Expect a range from $XXX to $YYY per week, give or take.
Are there any upcoming developments in the area?
While we haven’t found any specific details about upcoming developments, checking with local council websites or real estate agencies is always a good idea to stay updated on new projects.
What’s the nearest train station?
The nearest train station is [Station Name], offering easy access to the city centre and surrounding suburbs.
