3/35 Donald St, Prahran is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 72m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 2 bedroom Unit sold in Prahran in the last 12 months.
Set within a classic older style block this west facing apartment offers exceptional natural light and a highly functional layout. A central hallway leads to a spacious living area that connects seamlessly with the renovated kitchen and dining zone creating an effortless living environment.The kitchen features modern finishes generous storage and air conditioning for year round comfort. Both bedrooms are well proportioned with built in wardrobes and excellent natural light. The renovated bathroom is fresh and practical with strong storage throughout and the added convenience of off street car parking. The property is presented as an absolute turnkey opportunity with the option to purchase fully furnished if desired.From an investment perspective the property presents a compelling opportunity. It currently generates approximately $70,000 per annum through short term accommodation bookings delivering strong yield in a prime location.Positioned in tightly held Donald Street just 500 metres from Fawkner Park and moments from Albert Park Lake the location offers easy CBD access only 4.2km away while maintaining a quiet lifestyle setting. A rare combination of lifestyle appeal income performance and immediate usability.
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 11,121 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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