FOR SALE
$159,000

202/42 Porter Street
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Prime Quality Investment Opportunity in Student Accommodation!

This second-floor apartment offers a stable and attractive rental return, currently leased at $14,856 P.A., with the lease expiring on 22 January 2025. With the increasing demand for student housing in the area, this property is well-positioned to continue delivering solid returns and rental growth.
This student accommodation apartment is situated in a prime location and presents an exceptional investment opportunity. With many students returning to the country and strong immigration growth, rental returns are expected to rise steadily, making this a wise long-term investment.
This apartment is located on the second floor and provides a quiet and comfortable environment. It is thoughtfully designed to meet student needs, featuring a fully equipped kitchen with a gas cooktop, ample storage, and modern stainless steel appliances, including a microwave and dishwasher. The living area opens onto a north-facing private balcony, offering a pleasant space for relaxation. The single bedroom includes a built-in robe and shelf, providing ample storage, while the bathroom is well-appointed with contemporary fixtures and generous shelving. The building also offers communal breakout areas and laundry facilities, enhancing the student living experience.
Conveniently located just a 2-minute walk from Prahran train station, this apartment provides direct access to CBD campuses and is close to the vibrant Greville and Chapel Street areas, making it an ideal choice for students from around the globe.
Approximate Outgoings P.A.:
City of Stonnington Rates: $502.89
South East Water: $691.76
Owners Corporation: $1,770.18
Seize This Exceptional Opportunity in the Student Accommodation Market.
*The images provided represent typical apartments in the building and may not depict the actual apartment for sale. They are intended to give a general impression of the property's style and layout. Interested parties should conduct their own inquiries and inspections to verify details.
View Statement of Information

Property Details for 202/42 Porter St, Prahran

202/42 Porter St, Prahran is a 1 bedroom, 1 bathroom Studio. The place is currently for sale with Scott Banks Real Estate Group.

Building Type
Studio

Commute Calculator

About Prahran 3181

The size of Prahran is approximately 1.9 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Prahran in 2011 was 11,191 people. By 2016 the population was 12,985 showing a population growth of 16.0% in the area during that time. The predominant age group in Prahran is 20-29 years. Households in Prahran are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prahran work in a professional occupation. In 2011, 42.7% of the homes in Prahran were owner-occupied compared with 39.3% in 2016.

Prahran has 10,643 properties. Over the last 5 years, Houses in Prahran have seen a 12.42% increase in median value, while Units have seen a 7.00% increase. As at 31 August 2024:

  • The median value for Houses in Prahran is $1,637,271 while the median value for Units is $555,116.
  • Houses have a median rent of $750 while Units have a median rent of $530.
There are currently 31 properties listed for sale, and 18 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 505 properties were sold in the past 12 months in Prahran.

Prahran Profile Page

Suburb Insights for Prahran 3181

Visit Prahran profile page
Market Insights
Prahran Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Prahran Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Prahran profile page
Contact agent
Scott Banks
Show contact details
Call agent
Scott Banks Real Estate Group
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED