524 Malvern Road, Prahran, VIC 3181 | Property Value & History | OnTheHouse
 
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524 Malvern Road
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 135m2
Land area: 156m2
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Property Details for 524 Malvern Rd, Prahran

Building Type
Commercial
Floor Size
135m2
Land Size
156m2
Local Government
Stonnington
Lot/Plan
8/LP14178

Last Listing description (October 2022)

Located in one of Melbourne's most iconic retail shopping strip is this remarkable opportunity to secure a high foot traffic location in an affluent area. Key features include;

- Building area: 125 sq. metres (approx.)

- Land area: 157 sq. metres (approx.)
- Split over two levels-ground floor retail plus back of house and offices upstairs
- Staff amenities at the rear of the building along with courtyard
- Access to the rear of the property via right of way
- Great exposure to nearby transport with trams stops moments away and access to the Hawksburn Train Station (500m approx.)
- High profile shopping strip with multiple national brands operating within proximity . Some of these occupancies include Woolworths Metro, Seed, Toscano's of Toorak, plus local cafes, restaurants, and other boutique services and professional services close by
- Zoned commercial 1
- Available from February 2022

For further details or to inspect contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181

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Property History for 524 Malvern Rd, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$1,900,000
30 May 2009
Listed for Rent
$997/w
25 Oct 2022
  • 14 Oct 2021
    Listed for Rent $52,000 / year
  • 07 Mar 2013
    Listed for Rent - Price not available
  • 25 Sep 2012
    Listed for Rent - Price not available
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About 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 10,918 properties. Over the last 5 years, Houses in Prahran have seen a -3.13% decrease in median value, while Units have seen a 2.52% increase. As at 28 February 2026:

  • The median value for Houses in Prahran is $1,587,888 while the median value for Units is $547,756.
  • Houses have a median rent of $780 while Units have a median rent of $560.
There are currently 31 properties listed for sale, and 22 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 632 properties were sold in the past 12 months in Prahran.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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