507/87 High Street, Prahran, VIC 3181 | Property Value & History | OnTheHouse
 
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507/87 High Street
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 43m2
Land area: 2655m2
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Property Details for 507/87 High St, Prahran

507/87 High St, Prahran is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 2655m2 and floor size of 43m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
2013
Floor Size
43m2
Land Size
2655m2
Local Government
Stonnington
Lot/Plan
507/PS640611

Last Listing description (May 2026)

Positioned in the heart of the vibrant Chapel Street precinct, this sleek and light-filled one-bedroom apartment presents an outstanding rental opportunity in one of Melbourne's most sought-after inner-urban locations. Set on the fifth floor, the well-proportioned layout enjoys abundant natural light and opens to a generous balcony.

The spacious bedroom includes built-in robes, while the sleek kitchen features a gas cooktop and drawer dishwasher. An open-plan living and dining area, features split-system heating and cooling ensuring year-round comfort. The lounge area flows seamlessly to the balcony, complemented by stylish floorboards throughout, creating a warm and contemporary feel.

Beautifully designed and superbly finished, the apartment offers modern comfort and lifestyle convenience just minutes from Chapel Street, Prahran Station, and a vibrant selection of cafs, restaurants, and amenities. Perfect balance of lifestyle and convenience, with trams at your doorstep and easy access to the CBD via Prahran Station.

You don't want to miss this opportunity!

Please note: This property is not furnished but a bed frame, kitchen island bench & refrigerator is included

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Property History for 507/87 High St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$347,500
30 Apr 2023
Listed for Rent
$575/w
28 Apr 2026
  • 28 Apr 2026
    Listed for Rent $575 / week
  • 30 Apr 2023
    Sold for $347,500
  • 07 Jul 2011
    Sold for $450,000
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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 2016 was 12982 people. By 2021 the population was 12203 showing a population decline of 6.0% in the area during that time. The predominant age group in Prahran is 30-39 years. Households in Prahran are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Prahran work in a professional occupation.In 2021, 43.60% of the homes in Prahran were owner-occupied compared with 39.30% in 2016.

Prahran has 10,257 properties. Over the last 5 years, Houses in Prahran have seen a -12.51% decrease in median value, while Units have seen a -0.42% decrease. As at 30 April 2026:

  • The median value for Houses in Prahran is $1,578,225 while the median value for Units is $543,956.
  • Houses have a median rent of $900 while Units have a median rent of $580.
There are currently 27 properties listed for sale, and 20 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 616 properties were sold in the past 12 months in Prahran.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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