120/42 Porter StreetPrahran VIC 3181
Property Details for 120/42 Porter St, Prahran
120/42 Porter St, Prahran is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Apartment sold in Prahran in the last 12 months.
Last Listing description (April 2024)
This is a special opportunity to buy a Student Accommodation investment apartment in one of Prahran's most sought after contemporary investment-grade buildings.
When it comes to real estate, location is everything and this apartment boasts one of the best addresses in the Melbourne locale. Prahran is known for its vibrant cultural ambience with some of the best dining experiences and retail hubs on offer, making this apartment a cosmopolitan delight.
For investors, this is a great way to tap into the demand for quality accommodation in this highly-prized locale. The layout is perfectly suited with an open-plan living space that opens out to a balcony. Here, students can sip their morning coffee as the neighbourhood buzzes to life or take in the views over the surrounding area as the sun sets on another fabulous day. There is a stylish kitchenette that features gas cooking, a mini-fridge, ample storage within the upper and lower cabinets and a microwave. You can also enjoy access to a beautiful all-white bathroom with a good-size shower and a vanity with storage.
Residents of this building can access a communal laundry, relish the convenience of direct lift access to your floor and the peace of mind a secure entrance offers. Car parking spaces are available for rent, but with such an incredible location you won’t need it. Please note car parking is available to rent in the building for residents at a generously reduced rate.
The train station is right across the road and you are within walking distance of the Prahran Market. You can also walk to the world-class Chapel Street bursting with high-end shopping and some of the best cafes and eateries.
Call now to secure this property before it is snapped up.
NOTE - Images include styled and staged furniture for advertising purposes only.
Property History for 120/42 Porter St, Prahran, VIC 3181
- 23 May 2024Listed for Rent $330 / week
- 09 Apr 2024Sold for $120,000
- 23 Mar 2024Listed for Sale UNDER OFFER
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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.
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