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About this property
Set within a classic older style block this west facing apartment offers exceptional natural light and a highly functional layout. A central hallway leads to a spacious living area that connects seamlessly with the renovated kitchen and dining zone creating an effortless living environment. The kitchen features modern finishes generous storage and air conditioning for year round comfort. Both bedrooms are well proportioned with built in wardrobes and excellent natural light. The renovated bathroom is fresh and practical with strong storage throughout and the added convenience of off street car parking. The property is presented as an absolute turnkey opportunity with the option to purchase fully furnished if desired. From an investment perspective the property presents a compelling opportunity. It currently generates approximately $70,000 per annum through short term accommodation bookings delivering strong yield in a prime location. Positioned in tightly held Donald Street just 500 metres from Fawkner Park and moments from Albert Park Lake the location offers easy CBD access only 4.2km away while maintaining a quiet lifestyle setting. A rare combination of lifestyle appeal income performance and immediate usability.
Property Details
- Property Type
- apartment
- Listing Type
- Sold
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 1
- Land Area
- 72 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Prahran
This 2-bedroom apartment in Prahran, VIC 3181 sits within reach of public transport, local shops local amenities.
What's nearby
- Stop 46: Chatham Street (tram) — 647 m away
- Dan Murphy's — 607 m away
- Unnamed — 374 m away
- Grattan Gardens — 451 m away
- Unnamed — 464 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 2 bed
Compound growth -1.5% / yr over 4 yrs
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