2/245 High Street, Prahran, VIC 3181 sold on 23 February 2026 | OnTheHouse
 
SOLD
RECENT ADVICE
Sold on 23 Feb 2026 - Price Unavailable

2/245 High Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 205m2
Improve this data
Share
Save

Property Details for 2/245 High St, Prahran

Building Type
Commercial
Land Size
205m2
Local Government
Stonnington

Last Listing description (March 2026)

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 dwelling vacant & ready to move in - previous tenancy $37,296 PA.

Retail Shop:

Open plan multiple use showroom, retail, office, hospitality (STCA)
Prominent corner exposure, maximum frontage, signage opportunities
Significant basement for storage or re-development
2 off-street parking at rear on title
Multiple entrances
Self-contained amenity (kitchenette/toilet)
Back-office area

Residential Dwelling:

Comprising 2 large bedrooms, 1 bathroom, separate laundry and separate WC on the ground floor
Ornate features throughout, fireplace, ceiling roses

1 secure undercover carpark with roller door access from the street
Separate gated entrance
Courtyard at rear

Crafted for flexibility and opportunity, this property represents a rare chance to secure both retail and residential components in one strategic location. With development potential, strong rental returns, its an investment or occupation prospect not to be missed.

Show More

Property History for 2/245 High St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
23 Feb 2026
  • 23 Feb 2026
    Sold
  • 24 Sep 2025
    Listed for Sale UNDER CONTRACT
Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 -3.13% decrease in median value, while Units have seen a 2.52% increase. As at 28 February 2026:

  • The median value for Houses in Prahran is $1,587,888 while the median value for Units is $547,756.
  • Houses have a median rent of $780 while Units have a median rent of $560.
There are currently 29 properties listed for sale, and 19 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 629 properties were sold in the past 12 months in Prahran.

Prahran Profile Page

Suburb Insights for Prahran 3181

Visit Prahran profile page
Market Insights
Prahran Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Prahran Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Prahran profile page
Contact agency
agent headshot
Show contact details
Call agent
Galldon Real Estate
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED