419/42 Porter StreetPrahran VIC 3181
Property Details for 419/42 Porter St, Prahran
419/42 Porter St, Prahran is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 1 bedroom Apartment sold in Prahran in the last 12 months.
Last Listing description (May 2026)
Secure a rare investment opportunity in one of Prahran’s most vibrant and sought-after locations. This well-appointed, high-return studio apartment is purpose-built for the student market, offering exceptional flexibility — ideal for student owner-occupiers or parents looking to invest for their children, with the option to lease out when not in use.
Thoughtfully designed with modern living in mind, the apartment features a sleek kitchenette, a private balcony with urban outlooks, and a secure intercom entry system. Residents also enjoy access to shared amenities including a communal lounge and on-site laundry facilities, ensuring low-maintenance living with strong appeal.
* Transport: Just a 2-minute walk to Prahran Station, providing effortless access to the CBD, Swinburne University of Technology and RMIT University
* Lifestyle: Moments from Chapel Street, Greville Street, and Prahran Market — offering endless dining, shopping, and entertainment options
With consistently strong rental demand and an unbeatable inner-city location, this is a rare and compelling investment opportunity not to be missed.
Estimated rental return: approx. $320 per week.
Property History for 419/42 Porter St, Prahran, VIC 3181
- 17 May 2026Sold for $134,000
- 30 Apr 2026Listed for Sale $145,000
- 20 Feb 2025Listed for Rent $330 / week
Recent sales nearby
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About Prahran 3181
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 11,119 properties. Over the last 5 years, Houses in Prahran have seen a -8.85% decrease in median value, while Units have seen a -2.97% decrease. As at 31 May 2026:
- The median value for Houses in Prahran is $1,625,656 while the median value for Units is $537,811.
- Houses have a median rent of $920 while Units have a median rent of $580.
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