586 Malvern RoadPrahran VIC 3181
Property Details for 586 Malvern Rd, Prahran
Last Listing description (January 2023)
Teska Carson is pleased to present for lease 586 Malvern Road, Prahran.
This outstanding freehold opportunity is positioned among one of Melbournes highest performing retail shopping strips, anchored by Woolworths supermarket, and some of Melbourne's best eateries and retailers.
With replications of a Victorian Cottage, this rare offering provides a blank canvas opportunity for owners occupiers or investors looking to be a part of Hawksburn Village.
Key property highlights includes:
- Versatile and open plan layout
- Timber flooring throughout
- Courtyard
- Land Area: 152m2
- Floor Area: 105m2
- Strong foot traffic and high exposure
- Rear walkway access via Lorne Road
Please call for further information or to arrange an inspection.
Property History for 586 Malvern Rd, Prahran, VIC 3181
- 30 Jul 2025Sold for $1,600,000
- 14 Jul 2022Listed for Rent - Price not available
- 18 May 2021Listed for Rent - Price not available
Recent sales nearby
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0About 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 10,916 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.
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