390 Malvern RoadPrahran VIC 3181
Property Details for 390 Malvern Rd, Prahran
Last Listing description (June 2018)
377 sqm (approx) of flexible Mixed Use Land
Strong development potential
Prime position in one of Melbourne s most sought suburbs
Two older style apartments over two levels with good street, frontage and holding income. Situated on one title, the property presents an exceptional development opportunity with favorable zoning and proven successful projects within close proximity.
The prime position in one of Melbourne s most sought and regarded suburbs will attract the interest of straight developers, owner occupiers and long-term investors. While a residential development is a certain prospect we envisage a smart boutique commercial office development has extreme merit. Ultimately that is the beauty of this property, extreme flexibility. Beller Commercial highly recommend the asset for your serious consideration.
Beller Commercial Highly recommend this asset for your serious consideration.
Property History for 390 Malvern Rd, Prahran, VIC 3181
- 19 Apr 2018Sold for $2,365,000
- 20 Mar 2018Listed for Sale Not Disclosed
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0About 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.
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