OFF MARKET

505/7 King Street
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 53m2
Land area: 1111m2
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Property Details for 505/7 King St, Prahran

505/7 King St, Prahran is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 1111m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2012
Floor Size
53m2
Land Size
1111m2
Local Government
Stonnington
Lot/Plan
505/PS634211

Last Listing description (August 2023)

Looking for the ultimate lifestyle in Prahran? With breathtaking views of Chapel Street's iconic period street-scape, you can relax in the comfort of your own home and take in the stunning surroundings.

Inside the apartment, you'll find a spacious layout that boasts an efficient use of space, seamlessly integrating the living and dining room with a covered entertainer's terrace. Indulge in the fully equipped kitchen, funky bathroom with a circular shower, concealed European laundry, built-in bedroom robes, and reverse-cycle air conditioning for ultimate comfort.

Additional features include intercom entry, secure basement car space, and a storage cage for your convenience. Plus, residents can take advantage of the communal terrace with barbeques, perfect for entertaining guests.

Located just a stone's throw away from Prahran Station, trams, restaurants, nightlife, shops, boutiques, Prahran Market's fresh produce, Princes Gardens, and more, this feature-filled home is perfect for both first-time buyers and savvy investors seeking healthy rental returns. Don't miss out on the chance to live in one of Prahran's most sought-after locations!

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Property History for 505/7 King St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$390,000
15 May 2023
Listed for Rent
$380/w
28 Jun 2019
  • 15 May 2023
    Sold for $390,000
  • 22 Mar 2023
    Listed for Sale $390,000
  • 21 Jun 2019
    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 10,554 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 27 properties listed for sale, and 19 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 506 properties were sold in the past 12 months in Prahran.

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