24 Macquarie Street, Prahran, VIC 3181 | Property Value & History | OnTheHouse
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24 Macquarie Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 412m2
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Property Details for 24 Macquarie St, Prahran

Building Type
Commercial
Land Size
412m2
Local Government
Stonnington
Lot/Plan
1/TP958942

Last Listing description (June 2020)

- Two interconnected properties totalling 2,731sqm* of net lettable area
- 229 Chapel Street forms part of the four-level historic building known as the Colosseum which was originally built in 1914 and is being offered for sale for the first time since 1992
- The buildings are fully leased to Revolver Lane; Melbournes most unique co-working space and Revolver Upstairs; one of Melbournes most frequented bars, restaurants and night club with a rare 24-hour liquor licence

- The opportunity presents a compelling investment opportunity as well as multiple development or conversion options, ranging from boutique hotel, high end residential, hospitality and F&B or commercial office offering (STCA)
- Situated in the heart of Prahran on Chapel Street and between High Street and Malvern Road
- Prahran is set to undergo an exciting transformation with a number of rejuvenation and infrastructure projects either under construction or approved

A 100% freehold interest in 229 Chapel Street & 24 Macquarie Street is being offered for sale by private sale via the exclusive sales agents.

*Approximately

Marcus Neill
+61 452 405 782

Lukas Byrns
+61 423 791 126

Property History for 24 Macquarie St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Transferred
08 Mar 2018
  • 12 Mar 2020
    Listed for Sale Contact Agent
  • 08 Mar 2018
    Transferred
  • 08 Mar 2018
    Sold for $2,600,000
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Local Area Liveability Score

9.5

This Liveability Score is a rating "out of 10" and a guide to how well connected properties within a local area are to facilities such as public transport, healthcare services, shopping outlets, schools and parkland. The scores apply to the local area (or "mesh block") in which a property is located. The scores are largely comprised of 2 main elements:

  1. Walking time to a local facility
  2. Number of facilities within a 20-minute walk

The overall Liveability Score is made up of smaller sub-scores, as described below.

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Walkability
10/10
Schools
10/10
Parklands
10/10
Health
10/10
Shopping
10/10
Public Transport
10/10

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 2011 was 11,191 people. By 2016 the population was 12,985 showing a population growth of 16.0% in the area during that time. The predominant age group in Prahran is 20-29 years. Households in Prahran are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prahran work in a professional occupation. In 2011, 42.7% of the homes in Prahran were owner-occupied compared with 39.3% in 2016.

Prahran has 10,685 properties. Over the last 5 years, Houses in Prahran have seen a 1.84% increase in median value, while Units have seen a -7.84% decrease. As at 30 April 2025:

  • The median value for Houses in Prahran is $1,662,747 while the median value for Units is $512,776.
  • Houses have a median rent of $750 while Units have a median rent of $543.
There are currently 27 properties listed for sale, and 25 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 567 properties were sold in the past 12 months in Prahran.

What's around 24 Macquarie St, Prahran

24 Macquarie St, Prahran is in the school catchment zone for Prahran High School and Windsor Primary School.

Nearby Schools
Comparable Properties
Hester Hornbrook Academy - Prahran Campus
0.15km
Windsor 3181
SpecialNon-GovernmentCombined Enrolled
SEDA College (Victoria) - Arts Prahran
0.16km
Windsor 3181
SecondaryNon-GovernmentCombined Enrolled
Prahran High School
0.18km
Address not found
IN CATCHMENTSecondaryGovernmentCombined Enrolled
Windsor Primary School
0.81km
Windsor 3181
IN CATCHMENTPrimaryGovernmentP - 6Combined202 Enrolled
Presentation College Windsor
0.84km
Windsor 3181
SecondaryNon-Government7 - 12Combined526 Enrolled
Victorian College For The Deaf
0.91km
Melbourne 3004
SpecialGovernmentCombined74 Enrolled
Wesley College - St Kilda Road Junior Campus
0.92km
Melbourne 3004
CombinedNon-GovernmentCombined Enrolled
Wesley College
0.94km
Melbourne 3004
CombinedNon-GovernmentP - 12Combined3031 Enrolled
St Mary's School - Campus 2
0.96km
Address not found
PrimaryNon-GovernmentCombined Enrolled
St Michael's Grammar School
1.01km
St Kilda 3182
CombinedNon-GovernmentP - 12Combined1203 Enrolled

Suburb Insights for Prahran 3181

Market Insights
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Neighbourhood Insights
Age

Population 12,985

0-9

 

6%

10-19

 

5%

20-29

 

27%

30-39

 

25%

40-49

 

12%

50-59

 

9%

60-69

 

7%

70-79

 

5%

80-89

 

3%

90-99

 

1%

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