FOR SALE
$140,000

307/32-34 St Edmonds Road
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Prime Investment in a Thriving Prahran Locale - Student Accommodation Only

Seize this exceptional investment opportunity with a modern student accommodation apartment perfectly positioned on St. Edmonds Road in Prahran. Currently leased for $14.340 P.A. until 5th February 2025, this property promises a steady income stream in a sought-after lifestyle location.
Situated on the top floor, this well-maintained apartment comes fully furnished and features a small balcony. The apartment has a kitchen, adjoining meals/study area, separate bedroom, tiled bathroom, and heating/cooling, ensuring a comfortable living space for tenants.
The building offers desirable amenities, including a communal lounge area, coin-operated communal laundry, lift and stair access, and bike racks in the basement, enhancing the appeal for students.
Located just a short stroll from Chapel Street, Prahran Train Station, and the vibrant Prahran Market, the property offers tenants easy access to an array of cafes, restaurants, and essential services. Public transport options, including trams and trains, connect residents to all corners of Melbourne within minutes.
This is an ideal investment with potential for rental growth in the coming years—don’t miss out on this opportunity!
Inspection by appointment only: Don't hesitate to get in touch with Scott Banks: 0411 700 099
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Property Details for 307/32-34 St Edmonds Rd, Prahran

307/32-34 St Edmonds Rd, 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 10,643 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.

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