419/42 Porter Street
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About this property
Secure a rare investment opportunity in one of Prahran's most vibrant and sought-after locations. This well-appointed, high-return studio apartment is purpose-built for the student market, offering exceptional flexibility ideal for student owner-occupiers or parents looking to invest for their children, with the option to lease out when not in use. Thoughtfully designed with modern living in mind, the apartment features a sleek kitchenette, a private balcony with urban outlooks, and a secure intercom entry system. Residents also enjoy access to shared amenities including a communal lounge and on-site laundry facilities, ensuring low-maintenance living with strong appeal. Unbeatable Location: * Transport: Just a 2-minute walk to Prahran Station, providing effortless access to the CBD, Swinburne University of Technology and RMIT University * Lifestyle: Moments from Chapel Street, Greville Street, and Prahran Market offering endless dining, shopping, and entertainment options With consistently strong rental demand and an unbeatable inner-city location, this is a rare and compelling investment opportunity not to be missed. Estimated rental return: approx. $320 per week.
Property Details
- Property Type
- apartment
- Listing Type
- Sold
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 1 month ago
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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 78% below the $619,500 median of 54 comparable apartmentswithin 5 km.
What's nearby
- Stop 46: Chatham Street (tram) — 295 m away
- Dan Murphy's — 254 m away
- Grattan Gardens — 110 m away
- Unnamed — 115 m away
- Unnamed — 131 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
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