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

540A Malvern Road
Prahran VIC 3181

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

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

Last Listing description (September 2017)

UNDER OFFER
GormanKelly is pleased to offer 540a Malvern Road, Prahran FOR LEASE.
This is your chance to establish your business in this beautifully presented retail shop, situated the heart of busy the Hawksburn Shopping Strip.

Located on the corner of Malvern Road and Errol Street this property has excellent street exposure and presence.
Currently being used as a hairdressing salon, this 49sqm property would suit a variety of retail tenants, complemented by two window facings allowing natural light, a rear storage room plus private bathroom.
Contact Jake or Mario now to inspect.
The property is located near the corner of Errol Street and Malvern Road benefiting from its tremendous exposure to Malvern Road. Situated within vibrant Hawksburn Shopping Village, which is one of Melbourne's most sought after retail locations providing clothing boutiques, cafes and restaurants etc.

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Property History for 540a Malvern Rd, Prahran, VIC 3181

A timeline of how this property has performed in the market
Listed for Rent
$53k/w
09 Aug 2023
  • 15 Sep 2017
    Listed for Rent - Price not available
  • 11 Nov 2016
    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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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

Disclaimer
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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.

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