520 Malvern RoadPrahran VIC 3181
Property Details for 520 Malvern Rd, Prahran
Last Listing description (August 2024)
Teska Carson are delighted to present 520-522 Malvern Road, Prahran for sale via Public Auction on Wednesday 14th August at 1pm on-site.This incredibly rare offering features the following attributes:- Landholding of 229sqm withfrontage of 8.9m and rear access- Income: $123,328 per annum- Two level building of 174sqm comprising two retail shops plus 3 bedroom residence- Located in the heart of the one of Melbournes most tightly held and in demand retail precincts- Commercial 1 ZoningFor further information or to arrange an inspection contact the listed agents.
Property History for 520 Malvern Rd, Prahran, VIC 3181
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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 10,643 properties. Over the last 5 years, Houses in Prahran have seen a 12.42% increase in median value, while Units have seen a 7.00% increase. As at 31 August 2024:
- The median value for Houses in Prahran is $1,637,271 while the median value for Units is $555,116.
- Houses have a median rent of $750 while Units have a median rent of $530.
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