516/42 Porter StreetPrahran VIC 3181
Property Details for 516/42 Porter St, Prahran
516/42 Porter St, Prahran is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 935m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (July 2026)
You've struck the winning Trifecta with this affordable investment apartment in the heart of Prahran!
With million dollar views of magnificent Melbourne, plus car space on title and a secure tenancy in place, this is the ideal student accommodation abode.
Perched on the fifth floor capturing year-long sunlight, offers stunning views across trendy Prahran down to the city skyline, sure to be a welcome sight when taking a break from study. Perfectly designed for living with a fully functional kitchen with gas cooktop and ample storage.
Further features:
- Leased till Feb 2021 at $1151 per calendar month
- Secure basement car parking on title leased separately at $100 per calendar month
- Updated kitchen benchtop
- 4-burner gas cooktop
- Fridge and integrated microwave
- Private balcony
- Security entry
- Bike Storage
- Communal laundry onsite
- Millon dollar views!
Modern and high-quality building with top two floors for normal residential occupation demonstrating dedication to quality accommodation and pro-active upkeep.
Only 3 minutes walk to Melbourne Polytechnic. Choice of trams on High Street, Commercial Road, Chapel Street and St Kilda Road. Prahran Train Station only moments away, meaning travel is simple and easy to city-based campuses or any other of Melbournes famous tertiary institutions.
This is a highly attractive location for students of all persuasions, call now to secure this terrific investment opportunity in student accommodation!
***INSPECTIONS***
Inspections are now strictly by appointment due to the current COVID restrictions. If you would like to attend an inspection, please get in touch with the agent to book available times in advance in accordance with tenant/owner availability.
Property History for 516/42 Porter St, Prahran, VIC 3181
- 18 Nov 2020Sold for $142,000
- 13 Nov 2020Listed for Sale $139,990
- 26 Aug 2020Listed for Rent - Price not available
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 11,117 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:
- The median value for Houses in Prahran is $1,578,483 while the median value for Units is $543,695.
- Houses have a median rent of $920 while Units have a median rent of $585.
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