FOR SALE
$150,000

208/42 Porter Street
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Investment Opportunity: Apartment 208 at 42 Porter Street, Prahran

Discover the perfect blend of secure returns and modern student living with Apartment 208 at 42 Porter Street, Prahran. This fully furnished apartment offers a fantastic investment opportunity, currently leased at $14,076 annually until 22nd January 2025.
Key Features:
Modern Furnishings: Step into a fully furnished apartment with contemporary decor designed to provide students a cozy and productive environment.
Spacious Layout: This one-bedroom apartment offers a well-thought-out floor plan featuring a comfortable living area, a study nook, and ample storage space.
Fully Equipped Kitchen: Enjoy the convenience of a kitchenette equipped with essential appliances, including a fridge, microwave, and cooktop.
Private Bathroom: The apartment boasts a sleek, modern bathroom, providing privacy and comfort.
Natural Light: Large windows flood the apartment with natural light, creating a bright and inviting atmosphere.
High-Speed Internet: Stay connected with high-speed internet, making it easy for students to study and stay in touch with friends and family.
Security and Support: The building offers secure access, CCTV, ensuring a safe and supportive living environment.
Building Amenities:
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Property Details for 208/42 Porter St, Prahran

208/42 Porter St, Prahran is a 1 bedroom, 1 bathroom Studio. The place is currently for sale with Scott Banks.

Building Type
Studio

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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 10,641 properties. Over the last 5 years, Houses in Prahran have seen a 13.84% increase in median value, while Units have seen a 12.34% increase. As at 31 July 2024:

  • The median value for Houses in Prahran is $1,646,269 while the median value for Units is $553,867.
  • Houses have a median rent of $750 while Units have a median rent of $540.
There are currently 31 properties listed for sale, and 17 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 504 properties were sold in the past 12 months in Prahran.

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