SOLD
Sold on 30 Aug 2024 for $525,000

416/220 Commercial Road
Prahran VIC 3181

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 89m2
Land area: 4657m2
Sold By
BigginScott Toorak/Prahran
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Property Details for 416/220 Commercial Rd, Prahran

416/220 Commercial Rd, Prahran is a 2 bedroom, 1 bathroom Unit and was built in 1880. The property has a land size of 4657m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Prahran in the last 12 months.

Building Type
Unit
Year Built
1880
Floor Size
89m2
Land Size
4657m2
Local Government
Stonnington
Lot/Plan
416/PS441352

Last Listing description (February 2025)

New York loft style sophistication and prime location at the corner of Chapel Street and Commercial Road in the famous Pran Central building. Designed over two dynamic levels with high ceilings, this brilliantly thought out large two bedroom apartment offers a huge amount of living space.

This fully furnished apartment combines classic industrial design, with modern functionality and style. 102 square meters of total interior space make this an incredibly comfortable and inviting space. Downstairs is flooded with natural light and features exposed steel beams and concrete floors, adding to the charm and uniqueness of this property. A fully functional, low maintenance kitchen tops off this already stellar space.

The original dining area has been converted to a fully functional bedroom, with a large double bed and newly installed built in robes that is incredibly generous in size. Downstairs wing is further complimented with a dedicated study space and ample overhead storage.

Retreat upstairs to the mezzanine where the master bathroom, bedroom and laundry space can be found. A large walk in robe with storage spaces on either sides is a stark differentiating factor between other apartments in the complex. The master bedroom itself is large in stature, making this a very comfortable place to be when it is time to unwind.

With all the perks of Prahran literally at your doorstop, this is apartment is simply a must-see.

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Property History for 416/220 Commercial Rd, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$525,000
30 Aug 2024
Listed for Rent
$470/w
04 Aug 2022
  • 17 Jan 2025
    Listed for Rent $875 / week
  • 30 Aug 2024
    Sold for $525,000
  • 07 Aug 2024
    Listed for Sale Not Disclosed
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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 10,671 properties. Over the last 5 years, Houses in Prahran have seen a -3.87% decrease in median value, while Units have seen a -7.54% decrease. As at 31 January 2025:

  • The median value for Houses in Prahran is $1,583,087 while the median value for Units is $525,262.
  • Houses have a median rent of $750 while Units have a median rent of $535.
There are currently 27 properties listed for sale, and 14 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 517 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.