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111/32-34 St Edmonds Road, Prahran$128,000
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111/32-34 St Edmonds Road

Prahran, VIC 3181, Australia
$128,000
1 bed 1 bath

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About this property

This purpose-built student accommodation apartment presents a straightforward, set-and-forget investment in one of Melbourne's most desirable inner-city locations. Currently leased at $16,680 per annum and secured until 12 January 2027, the apartment provides a stable income stream with a fixed tenancy already in place. The floorplan offers a practical studio-style layout with a defined sleeping zone, study area, kitchenette and private bathroom, designed specifically to suit student living. The apartment is positioned within a well-maintained complex featuring secure entry, lift access, communal laundry facilities and shared resident amenities. Located on St Edmonds Road, the property sits within easy walking distance of Prahran Station, Chapel Street, Prahran Market and multiple tram routes, making it highly appealing to students attending nearby city and inner-suburban campuses. Purpose-built student accommodation remains a tightly held asset class, offering consistent demand and clearly defined rental use. Key features: Student accommodation only Lease in place until 12 January 2027 Current rent: $1,390 per calendar month ($16,680 p.a.) Secure building with lift access Strong inner-city Prahran location Low-maintenance investment format Boasting character and desirable features combined with a central location, this won't last long on the market. Don't miss this terrific opportunity! ------ Disclaimer: We have, in preparing this document, used our best endeavors to ensure that the information contained is accurate. Images with staged furnishings as indicated on the photos. Prospective purchasers should independently verify all information provided and consult the due diligence checklist provided by Consumer Affairs Victoria

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$621/month
$310 /fortnight
Loan $102,400 at 6.10% over 30 years

Upfront costs

Deposit$25,600
Stamp duty$2,822
Conveyancing (est.)$2,000
Total upfront$30,422
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Prahran

This 1-bedroom apartment in Prahran, VIC 3181 sits within reach of public transport, local shops local amenities. It is listed 77% below the $560,000 median of 54 comparable apartmentswithin 5 km.

What's nearby

  • Stop 46: Chatham Street (tram)189 m away
  • The Freedom Machine126 m away
  • Unnamed164 m away
  • Grattan Gardens225 m away
  • Unnamed331 m away

Prahran at a glance

Full suburb profile
Population
12,203
Median age
34
Household income
$2,121/wk
Median rent
$421/wk
Median mortgage
$2,274/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Prahran price trend

Median sold · Unit 1 bed

Compound growth -0.3% / yr over 4 yrs

$376kcurrent median

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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