Vendors of St Kilda West home hope $5 million is over the horizon

324 Beaconsfield Parade, St Kilda West, VIC, 3182

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What attracted me in the first place was the very unusual façade of 324 and even though it has a block of flats next door overlooking at front and back, which may affect the amenity and the feel in the backyard, I still went inside thinking I could like this - and I did.

Basically it's a three-level house (but it has a lift) with multiple zones on each level. Level one does have a high-quality kitchen and kids' bedrooms and full-length doors. Dining room in a funny place but it sort of works. The second level works well bedrooms and billiard room and then the third level - wow, great views and the lift goes up to it. You would use this.

Two car parks, while without garaging, are good for this area. Its is a question of price. About $4 million was gettable on the forefront last on similar blocks, but with weaker homes, so is more than $5 million with a better home gettable this year? Time will tell if Hocking Stuart agent Andrew Stuart can deliver - history shows says he can - will today's market follow history?

This property, which has price hopes of $5 million plus, went to auction on Saturday, September 24 at 12.30pm. It was passed in on a vendor's bid of $5 million.

Mal James is principal of James Buyer Advocates, which advocates on behalf of buyers of property over $1 million. Mal writes weekly auction reports, advice and in-depth market analysis on James' website.