111/32-34 St Edmonds Road, Prahran, VIC 3181 | Unit for sale | OnTheHouse
FOR SALE
$130K-$140K

111/32-34 St Edmonds Road
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Contemporary student apartment | Fully Leased @ $16,680/annum

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
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Property Details for 111/32-34 St Edmonds Rd, Prahran

111/32-34 St Edmonds Rd, Prahran is a 1 bedroom, 1 bathroom Unit. The place is currently for sale with Viva Property.

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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 11,116 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 26 properties listed for sale, and 16 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 627 properties were sold in the past 12 months in Prahran.

Suburb Insights for Prahran 3181

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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.