309/42 Porter StreetPrahran VIC 3181
Property Details for 309/42 Porter St, Prahran
309/42 Porter St, Prahran is a 1 bedroom, 1 bathroom Studio with 1 parking spaces. The property has a land size of 20m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 1 bedroom Studio sold in Prahran in the last 12 months.
Last Listing description (September 2025)
Introducing a rare gem in student accommodation: a property with a basement car park on the title!
The apartment is leased until 17th February 2026 at $17,726 P.A.
The carpark is also leased until 17th January 2026 at $1,440 P.A.
TOTAL RENT $19,166
This student accommodation apartment is situated in a prime location and presents a compelling investment opportunity. It is poised to yield consistent rental returns as students flock back to the country. Currently unoccupied, this property is a blank canvas waiting to be claimed. With strong immigration growth and OS students coming to the country to study in droves, rents are expected to continue to increase in the foreseeable future!
Perched on the third floor, this apartment offers urban vistas that overlook the lush suburbs, providing a refreshing view for occupants to enjoy during their study breaks. Tailored for student living, it boasts a fully functional kitchen with a gas cooktop, abundant storage, and sleek stainless steel appliances, including a microwave and dishwasher. The living room seamlessly opens up to a private balcony, enhancing the sense of space and comfort. The single bedroom has a built-in robe and shelf for convenient storage. The well-appointed bathroom features modern fixtures and ample shelving. Furthermore, this purpose-built building offers communal breakout areas and suitable laundry facilities for residents.
This property is perfectly positioned, just a 2-minute stroll from Prahran train station, which offers direct access to CBD campuses. Moreover, it's moments away from the vibrant Greville and Chapel Street areas, making it the ultimate destination for students worldwide.
Approx. Outgoings: Strata Fees: $1,963.60, Council Rates: $480.00, Water Rates: $640.00
Invest wisely and maximise this exceptional opportunity in the student accommodation market.
*Photos are typical of student accommodation apartments in the building and may not be of the specific apartment.
Property History for 309/42 Porter St, Prahran, VIC 3181
- 08 Sep 2025Listed for Sale CASH FLOW: $19,164 P.A.
- 08 Sep 2025Sold for $180,000
- 01 May 2024Listed for Rent $290 / week
Recent sales nearby
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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 10,916 properties. Over the last 5 years, Houses in Prahran have seen a 1.02% increase in median value, while Units have seen a 0.08% increase. As at 31 December 2025:
- The median value for Houses in Prahran is $1,618,142 while the median value for Units is $539,491.
- Houses have a median rent of $770 while Units have a median rent of $550.
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