18 Alfred St, Prahran is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1920. While the property is not currently for sale or for rent, it was last sold in August 2024.
Situated on a fantastic allotment measuring approximately 482sqm with no heritage overlay, this freestanding Victorian home offers exciting opportunity for future development (STCA). Currently comprising a beautifully proportioned main residence, two independent studios and two outbuildings, scope includes potential for a multi-dwelling development, an inspired renovation of the existing home, or alternatively to design and build a brand-new luxury dream home (STCA). The main house encompasses three generous bedrooms, an open plan living room and kitchen, with a bathroom and generous laundry completing the floorplan. Outside, two studios feature kitchenettes, with two additional storerooms adding flexibility. East-west orientation translates to great opportunity to capture plentiful northern light, while parking at the front, and rear vehicle access extend the possibilities. The area is first class, offering excellent access to every imaginable amenity, with Chapel Street, Wesley College and St Michael's Grammar School nearby, zoned to South Yarra Primary and Prahran High School, and excellent transport links from High Street, Dandenong Road and Prahran train station.
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 10,919 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:
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