11/8 Porter StreetPrahran VIC 3181
Property Details for 11/8 Porter St, Prahran
11/8 Porter St, Prahran is a 1 bedroom, 1 bathroom Unit and was built in 2008. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Prahran in the last 12 months.
Last Listing description (August 2024)
Unique Investment Opportunity in this Exclusive Boutique Student Accommodation.
Discover a rare gem in the heart of Prahran a well-sized one-bedroom apartment with a balcony, located in the highly sought-after area of Porter Street. This exclusive property offers a fantastic opportunity for investors looking to expand their real estate portfolio or break into the thriving rental market.
Why Invest Here?
Prime Location: Nestled in a tranquil, private setting, yet just a short stroll away from all that is vibrant and trendy in Prahran. The perfect blend of peace and urban excitement.
High Rental Demand: Prahran is a hotspot for renters, ensuring strong and steady rental returns. This studio apartment is ideal for students seeking a modern, convenient living space. Self-manage or engage the services of Student Housing Australia to manage your investment.
Local Amenities: A stone's throw away from some of the best cafes, restaurants, and bars Melbourne has to offer. Draw cards are morning coffee at the bustling Prahran Market, dine at the renowned Hanoi Hannah, or savour a cocktail at Jungle Boy.
Renowned Shopping and Dining: The wonders of Greville & Chapel Street, renowned for the eclectic mix of boutique shops, trendy eateries, and vibrant nightlife are all within walking distance.
Public Transport: Excellent connectivity with public transport options. Prahran train station and the No. 6 Glen Iris tram are just a stone's throw away, making commutes to the CBD and other parts of Melbourne a breeze.
Future Growth: Prahran continues to grow and evolve, with ongoing developments and community enhancements promising increased property values over time.
This studio apartment is not just a place to live but a smart investment in one of Melbournes most dynamic suburbs. Don't miss this chance to secure a foothold in Prahrans exclusive Porter Street Boutique Student Accommodation.
Act now and watch your investment grow!
Contact me today to discuss why this property is the perfect addition to your investment portfolio.
Terms: 10% deposit, balance 30/45 days.
To request an offer document, contact Domenic at 0426 361 396 or email your request to domenic.malgeri@fletchers.net.au
Property History for 11/8 Porter St, Prahran, VIC 3181
- 09 Aug 2024Sold for $110,000
- 21 Jun 2024Listed for Sale $100,000 - $110,000
- 02 Feb 2007Sold for $186,000
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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 10,555 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.
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