SOLD
Sold on 26 Mar 2024 for $1,199,000

2B Chatham Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 157m2
Land area: 124m2
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Property Details for 2b Chatham St, Prahran

Building Type
Commercial
Year Built
1905
Floor Size
157m2
Land Size
124m2
Local Government
Stonnington
Lot/Plan
1/TP522035

Last Listing description (November 2022)

Gross Waddell ICR is delighted to offer 2b Chatham Street, Prahran for sale.

Superbly positioned directly opposite Prahran Square and some 100m from bustling Chapel Street, within an active area known as "Precinct 3 Prahran" under the Chapel Street Activity Centre, the property is located close to a host of amazing lifestyle amenities including tram and bus networks, Prahran Train Station, Prahran Market, parks and gardens and more.

The property comprises a fully renovated period style improvement retaining a host of features from the era while still providing the potential to extend if desired, by adding a 2nd level (STCA).

Property highlights include:

Recently renewed lease to SpeedFit P.T.
Current rental of $45,000* p.a. + outgoings and GST
Building Area of 85sqm*
Landholding of 124sqm*
Located directly opposite Prahran Square, a 10,000 square metre urban parkland above a 500-bay underground car park
Will suit investors and owner occupiers (on expiry of lease)

*Approx.

Property History for 2b Chatham St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$1,199,000
26 Mar 2024
Listed for Rent
10 Jul 2018
  • 26 Mar 2024
    Sold for $1,199,000
  • 23 Jun 2022
    Listed for Sale Contact Agent
  • 31 Jan 2018
    Listed for Rent - Price not available
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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, 504 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.