693 High Street, Prahran, VIC 3181 | Property Value & History | OnTheHouse
 
OFF MARKET

693 High Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: 11
Land area: 516m2
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Property Details for 693 High St, Prahran

Building Type
Commercial
Land Size
516m2
Local Government
Stonnington
Lot/Plan
1/TP237563

Last Listing description (October 2023)

Teska Carson has the privilege of offering to the market 693-699 High Street, Prahran for sale by Expressions of Interest closing 22nd November at 3pm.

Key attributes of this outstanding opportunity:

- Prominently positioned landholding on the high-profile corner of High Street and Orrong Road.

- A rare 1,038sqm parcel of blue-chip land with a combined dual street frontage of over 64 metres.

- Commercial 1 zoning and multi height precedent, allowing a range of mixed-use development outcomes.

- A brilliant trophy property suitable for developers, owner occupiers and investors!

- Leased to mix of commercial and residential tenants, with a combined income of $214,644 per annum.

- Lifestyle amenity including High Street, Chapel Street and Hawksburn Villages fashion and caf shopping strips.

- Close proximity to an array of local parks including Victoria Gardens, Orrong Romanis Reserve & Toorak Park.

- Close proximity to Toorak & Armadale Train Stations, as well as the No. 6 tram and No. 604 bus, all whilst being 6km from Melbourne's CBD.

- A rare chance to secure a substantial landholding on the border of Prahran and Armadale, two of Melbournes most sought after residential and commercial locations.

*approximate

Please do not hesitate to call for further information.

Luke Bisset 0400 344 211
Adrian Boutsakis 0433 138 768

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Property History for 693 High St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$1,440,000
16 Sep 2010
Listed for Rent
$400/w
08 Jul 2015
  • 23 Oct 2023
    Listed for Sale Contact Agent
  • 21 Oct 2015
    Listed for Sale Not Disclosed
  • 08 Jul 2015
    Listed for Rent $320 / week
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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.

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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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