3/603 High Street, Prahran, VIC 3181 | Property Value & History | OnTheHouse
OFF MARKET

3/603 High Street
Prahran VIC 3181

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
Land area: 1490m2
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Property Details for 3/603 High St, Prahran

3/603 High St, Prahran is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1490m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1970
Floor Size
48m2
Land Size
1490m2
Local Government
Stonnington
Lot/Plan
28/RP18848

Last Listing description (February 2025)

Phone enquiries - please quote property ID 34088.

INSPECTIONS BY APPOINTMENT. NO OPENS PLANNED AT THIS TIME.

For Sale as Vacant Possession. Excellent tenant at end of lease and remaining month to month during sale. Will vacate for new owner occupier but very keen to execute a lease with a new landlord and remain in the property. Strong rental and rent return for a canny investor.

Great home and location for the owner occupier.

Charming Ground floor unit in a secure quiet block of apartments. The complex is built across two storeys and features secure car parking within the grounds - no lifts and no car stackers. Great Location on Prahrans High Street with cafes within easy walk, Chapel Street a short distance away and High Street trams stopping in front of the property. This is city living at its best.
The unit is occupied by a lovely tenant with the current lease expiring. The tenant is happy to continue leasing to an Investor buyer or will relocate for an owner occupier.
The property is being sold by the owner - No agents.

This ground-floor unit is situated a short walk inside the High Street pedestrian entrance. A security fob provides entry to the complex or an intercom for visitors to be buzzed in. Vehicle entry is through a secure gate accessed off the laneway at the rear of the property. The owner of unit 3 is lucky with your on-title designated car park right outside the units front door. Great for carrying the shopping in, dashing in the rain or arriving home from a night on the town. Travelled by tram. Exit at the stop outside the 603 High Street complex and it's a short walk through the pedestrian gate to your front door.

Enter your home through the front door with an additional security door into your entry hallway. To the right is a short hallway leading to the bathroom with the laundry and bedroom to either side. The unit is serviced by a modern bathroom with a shower and toilet and a separate laundry/washing machine area. The kitchen, bathroom and laundry are serviced by a newly installed instant gas hot water system.

The master bedroom is generously sized with a private light-filled window, good-sized wardrobe storage, polished floorboards and a wall-mounted electric space heater.

Back through the entry leads to the open plan kitchen and living area. The kitchen is neatly tucked into the front of the room with a partial dividing wall and a window looking out over your front door area and car park. The kitchen is all electric and has good cupboard space. As you enter the living area, adjacent to the kitchen, is a large double cupboard providing much-needed additional storage space.

The family room is generously sized, and light-filled, with double-aspect windows. A split system reverse cycle air conditioner provides winter heating and summer cooling to this open-plan living space. A garden door, with a security door, opens out to a small balcony with steps down to the garden below. Although not titled to the unit, the large secluded garden area is not directly accessed or overlooked by other flats and provides a lovely outdoor space to relax in all kinds of weather. Enclosed by high fences the yard area is not visible to the high street.

The beauty of these lovely older-style apartment units is the larger room proportions and lower cost upkeep. No high rise. No lifts or stacker car parks. No expensive owner-funded building and repair funds. This is a lovely and friendly unit block made up predominantly of owner-occupiers. The Other owners and the owner's corp committee are lovely friendly people. The units are pet-friendly. A lovely friendly community.

This is a lovely, safe & secure, well-positioned home from which to enjoy the work-life balance of your career and all that Prahran, and tram destinations from your front door, have to offer.

The apartment is offered as vacant possession or with tenant to the canny investor.

Are you an Investor looking to add to your property portfolio? There is a lovely tenant currently in occupation, on an extended month-to-month lease, who would be very happy to execute a new lease should an investor purchase the property. This property offers a strong rental return with a current rental set at $400 per week.

Limited open-for-inspection times will be arranged. Inspections will be available at any time by appointment.

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.

Property History for 3/603 High St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$406,000
17 Apr 2021
Listed for Rent
$400/w
06 Jul 2023
  • 19 Jun 2024
    Listed for Sale Offers over $410,000
  • 30 Jun 2023
    Listed for Rent $400 / week
  • 17 Apr 2021
    Sold for $406,000
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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 10,921 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.
There are currently 27 properties listed for sale, and 22 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 632 properties were sold in the past 12 months in Prahran.

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Cotality Copyright and Legal Disclaimers about Property Data
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.