245 High Street, Prahran, VIC 3181 | House for sale | OnTheHouse
FOR SALE
$1,700,000

245 High Street
Prahran VIC 3181

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Land area: 205m2
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Whole Building - Shop & Dwelling – 2 Separate Titles

A rare multi-titled corner building offering retail and residential in one prime location. Perfect for investors or owner-occupiers, the property combines strong returns with development potential.
Building:
• Shop and dwelling on 2 separate titles, separate entries
• 3 off-street carparks
• 2 potential development schemes available (STCA)
• Land area: 205sqm.
Floor area: 275sqm (approx)
• Close proximity to Chapel St retail precinct
• Retail space estimated income $45,000 pa + GST
• Upstairs residential currently on month-to-month lease $35,196 pa
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Property Details for 245 High St, Prahran

245 High St, Prahran is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 205m2. The place is currently for sale with Galldon Real Estate.

Building Type
House
Land Size
205m2
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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 10,915 properties. Over the last 5 years, Houses in Prahran have seen a -0.75% decrease in median value, while Units have seen a 7.37% increase. As at 31 October 2025:

  • The median value for Houses in Prahran is $1,550,929 while the median value for Units is $554,307.
  • Houses have a median rent of $750 while Units have a median rent of $550.
There are currently 36 properties listed for sale, and 18 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 611 properties were sold in the past 12 months in Prahran.

Suburb Insights for Prahran 3181

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Vincent Duong
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Don Gallicchio
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Galldon Real Estate
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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.