540 Malvern Road, Prahran, VIC 3181 | Property Value & History | OnTheHouse
OFF MARKET

540 Malvern Road
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: 8
Land area: 762m2
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Property Details for 540 Malvern Rd, Prahran

Building Type
Commercial
Land Size
762m2
Local Government
Stonnington
Lot/Plan
1/PS431905

Last Listing description (November 2021)

GormanKelly is delighted to offer Level 1 / 540 Malvern Road, Prahran FOR LEASE

This stunning office suite is situated on the corner of Malvern Road and Errol Street in the heart of Hawksburn Village. Benefiting from immediate access to a wealth of amenity as well as easy access to rail, tram and bus services and major arterial's.

This first floor office space provides an exceptional offering complete with reception, large boardroom, offices / meeting rooms, kitchen and toilets. The suite also benefits from a plaster ceiling with down lights throughout adding to the modern and creative feel this suite exudes.

Located within a highly attractive character building some of this properties excellent features included:

+ Area of 512 sqm with exclusive use access point from Errol Street
+ Abundance of natural light
+ Fully self contained with modern kitchen and amenities
+ Onsite secured car parking
+ Highly desirable location close to amenity and transport
+ Modern fitout with plaster ceiling and down lights throughout

Call Will or Richard for further information and to arrange your inspection today.

Located right in the heart of the Hawksburn shopping strip this property is an ideal place for your business to be seen.

There are trams outside the front door and Hawksburn Station is 200m away.

Woolworths and Minimax are across the road and there are a variety of retail businesses in the strip drawing a significant amount of foot traffic.

Property History for 540 Malvern Rd, Prahran, VIC 3181

A timeline of how this property has performed in the market
Listed for Rent
$1.34k/w
21 May 2020
  • 16 Sep 2021
    Listed for Rent - Price not available
  • 23 Jul 2019
    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 10,915 properties. Over the last 5 years, Houses in Prahran have seen a 1.02% increase in median value, while Units have seen a 0.08% increase. As at 31 December 2025:

  • The median value for Houses in Prahran is $1,618,142 while the median value for Units is $539,491.
  • Houses have a median rent of $770 while Units have a median rent of $550.
There are currently 33 properties listed for sale, and 20 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 622 properties were sold in the past 12 months in Prahran.

Suburb Insights for Prahran 3181

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.