SOLD
RECENT ADVICE
Sold on 21 Mar 2024 for $506,000

304/59 Porter Street
Prahran VIC 3181

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 304/59 Porter St, Prahran

304/59 Porter St, Prahran is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Apartment sold in Prahran in the last 12 months.

Building Type
Apartment
Local Government
Stonnington
Lot/Plan
304/PS728507

Last Listing description (March 2024)

This contemporary, light-filled, 2-bedroom apartment offers a superior lifestyle in the
Chapel Street precinct - world renowned for its diverse range of high-end fashion,
café culture and the Prahran Markets.

With Prahran train station just metres away, the CBD and any Melbourne suburb is
within easy reach!
Privacy and Security are paramount with the completion of a full building security
upgrade in November 2023.
The naturally light, open plan kitchen-dining boasts top end stainless steel
appliances, stone countertops and ample storage.
The high-quality materials used thoughout the property give a vibrant yet industrial
feel. Engineered Oak flooring is complemented by an exposed concrete ceiling, all
while glass sliding doors open to a private, undercover balcony that has been
perfectly crafted for entertaining.
The apartment also benefits from secure underground parking, a large private
storage cage plus newly fitted bike racks in basement.

**OWNER MUST SELL SOON**

Property History for 304/59 Porter St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$506,000
21 Mar 2024
Listed for Rent
$650/w
07 Mar 2023
  • 18 Mar 2024
    Sold for $506,000
  • 23 Jan 2024
    Listed for Sale $500,000
  • 15 Jun 2023
    Listed for Rent $650 / week
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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.
There are currently 31 properties listed for sale, and 15 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 484 properties were sold in the past 12 months in Prahran.

Suburb Insights for Prahran 3181

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Christine Ho
Show contact details
Gem Realty
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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.