1-9/1 Rae Court

Off Market

1-9/1 Rae Court

Prahran VIC 3181

722 m²

Block of units

Daniel Micmacher, last sold this property on 09 October 2025 after 28 days on market.

Overview

A rare investment opportunity with future options

Offering immediate rental returns & endless future possibilities, this block of nine solid & spacious apartments, nestled in a quiet cul-de-sac in the heart of Prahran, is an investment opportunity not to be missed. Investors/developers looking to secure property in this high growth location on a substantial 722m2* block of prime land & with scope for further refurbishment, to hold, on sell individually or explore future development options (STCA) the choice is yours. All nine currently tenanted light filled apartments are generously proportioned, neatly presented & feature similar floorplans of varying good condition. Each apartment delivers a large living/dining room, sun-drenched balcony, functional spacious kitchen, two good sized bedrooms with built-in robes & a central bathroom with shower, bath, laundry facilities & separate toilet. The block also includes secure intercom entry & off-street parking. This rock solid investment opportunity is ideally situated in a vibrant lifestyle location with trams at the end of the street, easy access to Chapel Street, High Street cafes, Hawksburn Village & Victoria Gardens ensuring strong lifestyle appeal & consistent rental demand. *Approximate Title Dimensions.

Features

18 bedrooms

9 bathrooms

4 carspaces

722 m² lot size

Block of units

Estimated Value

We need at least 3 similar 18 bedroom block of units sold in Prahran over the last 12 months.

Property history for 1-9/1 Rae Court

2025

Sold

Undisclosed

Auction Sale on 09 Oct 2025 by Daniel Micmacher, of Gary Peer & Associates - Caulfield

Happy sellers in Prahran

75%

75% of sellers in Prahran reported that their sale price either exceeded or met their price expectations.

Prahran stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 36 reviews in Prahran over the last 12 months.

Local market activity for 18 bedroom block of units in Prahran

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Prahran for a free market appraisal.

Lauchlan Waterfield

at Belle Property Armadale

4.9

(582 reviews)

Get a free market appraisal

James Annett

at Belle Property Armadale

4.9

(204 reviews)

Get a free market appraisal

Alex Wright

at MRE

(20 reviews)

Get a free market appraisal

Walter Summons

at Belle Property Armadale

4.9

(274 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Prahran

Lauchlan Waterfield

Lauchlan Waterfield is an award winning recommended agent for Prahran. They have 35 local sales and collected 17 local reviews across the last 12 months.