FOR SALE
$479,500

503/59 Porter Street
Prahran VIC 3181

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Make no mistake - Affordable ownership in the heart of Prahran

Nestled on the 5th floor of a contemporary boutique block in vibrant Prahran, this stylish two-bedroom apartment offers a perfect blend of comfort and convenience. The open-plan living and kitchen area is designed for modern living, seamlessly connecting to a private balcony—ideal for morning coffees or evening relaxation. Both bedrooms feature built-in robes, providing ample storage while maintaining a sleek aesthetic. With a well-appointed bathroom and the added convenience of a dedicated car space, this apartment is a fantastic opportunity to enjoy the best of urban living in one of Melbourne’s most sought-after neighborhoods.
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Property Details for 503/59 Porter St, Prahran

503/59 Porter St, Prahran is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Whiting & Co .

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 10,644 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 11 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 507 properties were sold in the past 12 months in Prahran.

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Pia Staltari
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Marcus Peters
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Whiting & Co
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