FOR SALE
$415,000 - $435,000

3/603 High Street
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Ground Floor Flat opening onto outdoor area - Tram Stops out front. Owner occupier or Landlord. Strong rent return.

Phone enquiries - please quote property ID 34088.
INSPECTIONS BY APPOINTMENT. NO OPENS PLANNED AT THIS TIME.
For Sale as Vacant Possession. Excellent tenant at end of lease and remaining month to month during sale. Will vacate for new owner occupier but very keen to execute a lease with a new landlord and remain in the property. Strong rental and rent return for a canny investor.
Great home and location for the owner occupier.
Charming Ground floor unit in a secure quiet block of apartments. The complex is built across two storeys and features secure car parking within the grounds - no lifts and no car stackers. Great Location on Prahran’s High Street with cafes within easy walk, Chapel Street a short distance away and High Street trams stopping in front of the property. This is city living at its best.
The unit is occupied by a lovely tenant with the current lease expiring. The tenant is happy to continue leasing to an Investor buyer or will relocate for an owner occupier.
The property is being sold by the owner - No agents.
This ground-floor unit is situated a short walk inside the High Street pedestrian entrance. A security fob provides entry to the complex or an intercom for visitors to be buzzed in. Vehicle entry is through a secure gate accessed off the laneway at the rear of the property. The owner of unit 3 is lucky with your on-title designated car park right outside the unit’s front door. Great for carrying the shopping in, dashing in the rain or arriving home from a night on the town. Travelled by tram…. Exit at the stop outside the 603 High Street complex and it's a short walk through the pedestrian gate to your front door.
Enter your home through the front door with an additional security door into your entry hallway. To the right is a short hallway leading to the bathroom with the laundry and bedroom to either side. The unit is serviced by a modern bathroom with a shower and toilet and a separate laundry/washing machine area. The kitchen, bathroom and laundry are serviced by a newly installed instant gas hot water system.
The master bedroom is generously sized with a private light-filled window, good-sized wardrobe storage, polished floorboards and a wall-mounted electric space heater.
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Property Details for 3/603 High St, Prahran

3/603 High St, Prahran is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with No Agent Property.

Building Type
Apartment

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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 10,554 properties. Over the last 5 years, Houses in Prahran have seen a 10.60% increase in median value, while Units have seen a 5.10% increase. As at 31 October 2024:

  • The median value for Houses in Prahran is $1,718,651 while the median value for Units is $555,773.
  • Houses have a median rent of $760 while Units have a median rent of $525.
There are currently 27 properties listed for sale, and 19 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 506 properties were sold in the past 12 months in Prahran.

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