11/8 Porter St, Prahran is a 1 bedroom, 1 bathroom Unit and was built in 2008. The property has a land size of 866m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 1 bedroom Unit sold in Prahran in the last 12 months.
Positioned in one of Melbournes most vibrant lifestyle precincts, this well-presented student accommodation apartment offers an outstanding opportunity for investors seeking secure rental income and low-maintenance ownership.Currently leased at $320 per week ($1,390 per month) until 8 January 2027, the property provides immediate returns with a tenancy already in place.Designed for comfortable student living, the apartment features a practical open-plan layout with a light-filled bedroom/living area, private ensuite bathroom, functional kitchenette with gas cooking, built-in storage, and split-system heating/cooling for year-round comfort. A private balcony further enhances the appeal, offering additional natural light and ventilation.Located within close proximity to Prahran Market, Chapel Street shopping and dining, public transport, and leading universities including Monash University (Caulfield Campus), this is an ideal addition to any investment portfolio.Property Features:Secure student accommodation investmentCurrently leased at $320 per weekFixed tenancy until 08/01/2027Functional kitchenette with gas cooktopPrivate ensuite bathroomSplit-system heating and coolingPrivate balconyLow-maintenance layoutExcellent inner-city location close to transport, shops and cafesA fantastic opportunity to secure an affordable entry into Melbournes tightly held student accommodation market.
The size of Prahran is approximately 1.9 square kilometres. There are 8 parks, covering nearly 6.3% of the 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 11,119 properties. Over the last 5 years, Houses in Prahran have seen a -14.33% decrease in median value, while Units have seen a -2.26% decrease. As at 30 June 2026:
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