2B Chatham StreetPrahran VIC 3181
Property Details for 2b Chatham St, Prahran
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
- 26 Mar 2024Sold for $1,199,000
- 23 Jun 2022Listed for Sale Contact Agent
- 31 Jan 2018Listed 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 10,558 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.
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