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Sold on 26 Jun 2024 - Price Unavailable

16/42 Porter Street
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 16/42 Porter St, Prahran

16/42 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 June 2024. There are other 1 bedroom Apartment sold in Prahran in the last 12 months.

Building Type
Apartment
Local Government
Stonnington
Lot/Plan
16/PS632276

Last Listing description (June 2024)

New Carpet! New Paint!

Situated in one of the best suburbs in Melbourne, this student accommodation ONLY apartment is directly opposite the train station and only moments from Prahran Market.

OUTGOINGS

General Council Rates approx: $130/quarter*
Water Services approx: $166/quarter*
Owners Corp Fee approx: $1950/annum*
*Please confirm these figures with the Section 32. This is a guide only

NOTE - this unit does not have any water leak issues from it's courtyard to basement as provided in report by StrataCo.

This unit is a great find for savvy investors wanting to tap into the vibrant market of student accommodation or for those looking to live close to one of the city’s many campuses.

NOTE - Bank financing is not available for Student Accommodation. This is strictly a cash-only purchase.

The layout is as functional as it is comfortable with a good-size bedroom and a light-filled bathroom with plenty of storage space. Cooking is made easy thanks to the well-designed kitchen with a gas cooktop plus there’s also a fully fenced courtyard where you can start the day with your morning coffee.

Added features to this unit space include broadband for total ease with your study load, built-in robes and a communal laundry for added convenience. There are a host of local shops, parks and amenities to choose from as well as restaurants, cafes and easy access to public transport links.

Call now to secure this unit before it gets snapped up.

Property History for 16/42 Porter St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
26 Jun 2024
  • 21 Jun 2024
    Sold for $118,000
  • 19 Apr 2024
    Listed for Sale UNDER OFFER
  • 24 Jun 2019
    Sold for $132,960

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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.
There are currently 28 properties listed for sale, and 19 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 501 properties were sold in the past 12 months in Prahran.

Suburb Insights for Prahran 3181

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.