44/321-323 Chapel St, Prahran is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1890. The property has a land size of 625m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 2 bedroom Unit sold in Prahran in the last 12 months.
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**Important note: 6 month lease only**
A true Brooklyn-style loft set within a character-rich heritage building in one of Melbournes most iconic lifestyle precincts, this residence delivers raw industrial charm with soaring three-metre cathedral ceilings, striking architectural scale and an unmistakably artistic edge. Bold, creative and completely unique, its the kind of home that makes an immediate impression.
Natural light pours through Cathedral windows, with an east-facing orientation welcoming beautiful morning sun into the master bedroom and living zones, while afternoon light warms the kitchen and expansive lounge. Operable windows enhance airflow, adding to the authentic loft feel and ensuring year-round comfort.
The flexible floorplan offers two bedrooms plus a dedicated study area, ideal for professionals or those working from home. The oversized master bedroom is a true retreat, complete with generous robe space and excellent storage.
The expansive living and dining domain is designed for entertaining, seamlessly connecting to a well-appointed kitchen with ample preparation space and room for a full dining setting or island bench. The proportions throughout are impressive, balancing openness with functionality.
The bathroom is beautifully appointed with a double vanity, frameless shower and excellent storage, while a full laundry with trough and additional cabinetry adds rare practicality for apartment living.
Situated on the fourth floor, the home offers elevation, privacy and a spacious feel that complements its striking architectural character.
Step outside and youre immersed in the very best of Chapel Street living, with cafés, restaurants, wine bars and boutique shopping at your doorstep. With Coles across the road, Prahran Market moments away, and easy access to Toorak Village, the Yarra River trails and the CBD, this is inner-city living without compromise.
This is more than an apartment , its a heritage loft with soul, style and serious presence.
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 11,122 properties. Over the last 5 years, Houses in Prahran have seen a -14.33% decrease in median value, while Units have seen a -2.26% decrease. As at 30 June 2026:
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