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Sold on 26 Sep 2024 for $581,500

11/48 Chomley Street
Prahran VIC 3181

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 11/48 Chomley St, Prahran

11/48 Chomley St, Prahran is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Apartment sold in Prahran in the last 12 months.

Building Type
Apartment
Local Government
Stonnington
Lot/Plan
11/RP4413

Last Listing description (September 2024)

Step into a world of modern comfort and timeless charm with this beautifully renovated apartment, nestled in the heart of Prahran. Held within the same family for an impressive 42 years, this home is a rare find, offering both a connection to the area's rich history and the conveniences of contemporary living.

As you enter, you'll be welcomed by an expansive living and dining area, bathed in natural light. The open layout seamlessly connects the living space to the dining area, making it an ideal setting for both casual family meals and more formal gatherings.

The fully renovated kitchen is a true standout, featuring elegant stone benchtops and top-of-the-line stainless-steel appliances. Whether you're preparing a quick breakfast or a gourmet dinner, this kitchen is equipped to handle it all, with plenty of storage and bench space to match its sleek design.

Both bedrooms offer generous proportions and are complemented by built-in wardrobes, ensuring ample storage space. The central bathroom is both stylish and functional, boasting modern fixtures, a large walk-in shower, and an integrated laundry area for added convenience.

Outside, you'll appreciate the apartment's superb location. Just a short stroll takes you to the vibrant High Street, where you can indulge in some of Melbourne's finest cafes, restaurants, and boutique shops. For those who enjoy outdoor activities, Lumley Park and Victoria Gardens are within walking distance.

Commuters will love the easy access to city-bound trams along High Street and Dandenong Road, making the daily commute a breeze. Adding to the convenience, the apartment includes one open car space.

This property is not only a fantastic place to call home but also a brilliant investment opportunity, providing great rental income.

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Property History for 11/48 Chomley St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$581,500
26 Sep 2024
Listed for Rent
$550/w
10 Jul 2023
  • 26 Sep 2024
    Sold for $581,500
  • 02 Sep 2024
    Listed for Sale $580,000 - $630,000
  • 03 Jul 2023
    Listed for Rent $550 / week
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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 10,558 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 31 properties listed for sale, and 15 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 484 properties were sold in the past 12 months in Prahran.

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