1 Rae CourtPrahran VIC 3181
Property Details for 1 Rae Ct, Prahran
1 Rae Ct, Prahran is a 18 bedroom, 9 bathroom Unit. The property has a land size of 722m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 18 bedroom Unit sold in Prahran in the last 12 months.
Last Listing description (October 2025)
Offering immediate rental returns & endless future possibilities, this block of nine solid & spacious apartments, nestled in a quiet cul-de-sac in the heart of Prahran, is an investment opportunity not to be missed. Investors/developers looking to secure property in this high growth location on a substantial 722m2* block of prime land & with scope for further refurbishment, to hold, on sell individually or explore future development options (STCA) the choice is yours. All nine currently tenanted light filled apartments are generously proportioned, neatly presented & feature similar floorplans of varying good condition. Each apartment delivers a large living/dining room, sun-drenched balcony, functional spacious kitchen, two good sized bedrooms with built-in robes & a central bathroom with shower, bath, laundry facilities & separate toilet. The block also includes secure intercom entry & off-street parking. This rock solid investment opportunity is ideally situated in a vibrant lifestyle location with trams at the end of the street, easy access to Chapel Street, High Street cafes, Hawksburn Village & Victoria Gardens ensuring strong lifestyle appeal & consistent rental demand. *Approximate Title Dimensions.
Property History for 1 Rae Ct, Prahran, VIC 3181
- 09 Oct 2025Sold
- 11 Sep 2025Listed for Sale Not Disclosed
Recent sales nearby
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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 10,912 properties. Over the last 5 years, Houses in Prahran have seen a 5.90% increase in median value, while Units have seen a 8.76% increase. As at 31 January 2026:
- The median value for Houses in Prahran is $1,686,435 while the median value for Units is $551,023.
- Houses have a median rent of $780 while Units have a median rent of $560.
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