501/446 Malvern Rd, Prahran is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2023. The property has a land size of 846m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
Exceptional in both design and detail, this luxurious penthouse with two basement car spaces and a brilliant entertaining terrace with uninterrupted city views is positioned in the heart of Prahran within walking distance of every amenity you could ever need.
Superb views to the city skyline, fabulous proportions, luxurious finishes and a location that is second to none in terms of convenience makes this stunning three bedroom, two bathroom apartment a stand-out.
Quietly located on the 5th floor of a boutique and secure new development with lift access, the vibrant interiors offer a discerning statement in low-maintenance living where sunshine and stunning views feature.
Offering superb function, the expansive open-plan living and dining zone extends through double glazed floor to ceiling doors to the huge wrap-around terrace where you can entertain in style and sit down around a table with friends. The spacious gourmet kitchen enjoys superior finishes including a stone benchtops with breakfast bar, Miele appliances, integrated dishwasher and fridge/freezer.
The spacious master suite is beautifully appointed with floor to ceiling windows, generously sized wardrobes and a luxuriously large ensuite with a big shower and stone finishes.
The second and third double bedrooms also features comprehensive built-in robes and is served by a stylish bathroom with stone finishes and good storage.
In addition, this fabulous penthouse also features timber floorboards in the living areas, luxurious wool carpet in the bedrooms, double glazed windows, automatic blinds in the living area, gas log fireplace, ducted heating and cooling throughout, European laundry and two secure basement parking spaces.
As for the location, hundreds of cafes and restaurants are within walking distance, as are bus, tram and train services, supermarkets, wine bars, Chapel and Greville Streets, Prahran Market and Prahran Square, while being only a short trip away from the CBD or St Kilda.
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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 10,920 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:
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