325/4 Karbarook AvenuePrahran VIC 3181
Property Details for 325/4 Karbarook Ave, Prahran
Last Listing description (November 2023)
**EOI CLOSED - OFFERS UNDER REVIEW**
The first time offered to the market in over 50 years, this premium opportunity can be summarised by the following key attributes:
+ 2,185sqm* Residential Growth Zone (RGZ) / General Residential Zone (GRZ) landholding with commanding dual street frontages to Dandenong Road & Karbarook Avenue
+ Three (3) beautifully presented blocks of sixteen (16) strata titled residential apartments featuring large Internal floor plates
+ Strong current Income of $379,644* per annum
+ Major development potential for up to 4-5 levels (STCA) & a strong downsizer market
+ Located In one of Melbourne's most desirable City of Stonnington suburbs evidently represented by a strong median house price of $1,700,000*
+ Adjacent to the highly regarded 'The King David School' with elite schools St Michael's Grammar School (1.5km*), St Mary's College (1.0km*) And Wesley College (2.0km*) nearby
+ Surrounded by an abundance of retail, food, lifestyle & public transport Including Armadale Train Station and the picturesque High Street Activity Centre (800m*) with immediate tram access along Dandenong Road and bus access along Orrong Road
+ The world famous Chapel Street Is only 1.5km* away featuring some of Melbourne's best food & nightlife and Malvern Central Shopping Centre and major retail strip Is within walking distance
+ Caulfield Racecourse (3km*) and Monash University (3.5km*) and Chadstone Shopping Centre all within close proximity
+ The property Is also serviced by Tier 1 medical facilities such as Cabrini Hospital (2km*), The Windsor Private Hospital (1km*) & The Avenue Hospital (1km*)
For further information please contact the exclusive sales and marketing agents at CBRE:
David Minty
+61 422 564 199
david.minty@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Alex Brierley
+61 0447 974 447
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Denotes Approx.
Property History for 325/4 Karbarook Ave, Prahran, VIC 3181
- 11 Sep 2023Listed for Sale Contact Agent
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 10,919 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.
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