16/42 Porter StreetPrahran VIC 3181
Property Details for 16/42 Porter St, Prahran
16/42 Porter St, Prahran is a 1 bedroom, 1 bathroom Unit and was built in 2012. The property has a land size of 935m2 and floor size of 21m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 1 bedroom Unit sold in Prahran in the last 12 months.
Last Listing description (January 2026)
The Phone Code for this property is: 45704. Please quote this number when phoning or texting.
$165k is the "buy it now price" via straight to section 32 deal
$169k is the "presentation price" if I have to play agent role and schedule inspections, etc
Offers below $165k will continue to be ignored, as I'd rather continue yielding 11% return until someone offers $165k or more.. Thanks!
Note: this unit has 70% more floor space than other units without a terrace!!
- The largest unit currently for sale in the building
- The highest yielding unit currently for sale in the building
- Technically "student accommodation", but you can owner occupy it
- Brand new everything basically
Fully refurbished: new paint, new carpets, etc
Fully furnished: new appliances, new furnishings, etc
FAQ:
-Can I live in it: unofficially, yes
-Is it pet friendly: yes
-Income: $360/PW (great tenant til Feb 2027)
-Outgoings: Approx $2,950/PA (approx: OC + council + water)
-Internal: 21SQM (approx)
-External: 15SQM (approx)
-Yield: 11% return @ $164k purchase
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Discover contemporary elegance in this perfectly positioned apartment in one of Melbourne's most sought-after suburbs. Situated in a boutique building, this ground-floor gem is ideal for first-home buyers, investors, or those seeking a sophisticated urban lifestyle.
Located just moments from Chapel Street, Prahran Market, public transport, and a variety of cafes and restaurants, this property provides the ultimate in convenience and lifestyle.
Don't miss this opportunity to own a slice of Prahran's vibrant urban culture. Contact us today to arrange a viewing!
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 16/42 Porter St, Prahran, VIC 3181
- 19 Dec 2025Sold for $159,900
- 12 Dec 2024Listed for Sale $164,900
- 21 Jun 2024Sold for $118,000
Recent sales nearby
See more recent sales nearby/assets/perm/l6o2jpn45ai6nowxwe7d2shh34?signature=2b2739aea4dd862df3fff29214e4663da915453c0eeff5475e7dcfe831ac22ab){kind=logo}
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0About 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 10,921 properties. Over the last 5 years, Houses in Prahran have seen a -9.89% decrease in median value, while Units have seen a 1.31% increase. As at 31 March 2026:
- The median value for Houses in Prahran is $1,584,132 while the median value for Units is $549,998.
- Houses have a median rent of $920 while Units have a median rent of $575.
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