This purpose-built student accommodation apartment presents a straightforward, set-and-forget investment in one of Melbourne’s most desirable inner-city locations.
Currently leased at $16,680 per annum and secured until 12 January 2027, the apartment provides a stable income stream with a fixed tenancy already in place.
The floorplan offers a practical studio-style layout with a defined sleeping zone, study area, kitchenette and private bathroom, designed specifically to suit student living. The apartment is positioned within a well-maintained complex featuring secure entry, lift access, communal laundry facilities and shared resident amenities.
Located on St Edmonds Road, the property sits within easy walking distance of Prahran Station, Chapel Street, Prahran Market and multiple tram routes, making it highly appealing to students attending nearby city and inner-suburban campuses.
Purpose-built student accommodation remains a tightly held asset class, offering consistent demand and clearly defined rental use.
Key features:
Student accommodation only
Lease in place until 12 January 2027
Current rent: $1,390 per calendar month ($16,680 p.a.)
Secure building with lift access
Strong inner-city Prahran location
Low-maintenance investment format
Boasting character and desirable features combined with a central location, this won’t last long on the market. Don’t miss this terrific opportunity!
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Disclaimer:
We have, in preparing this document, used our best endeavors to ensure that the information contained is accurate. Images with staged furnishings as indicated on the photos. Prospective purchasers should independently verify all information provided and consult the due diligence checklist provided by Consumer Affairs Victoria
Features
1 bedroom
1 bathroom
cottageUnit
Property history for 111/32 St Edmonds Rd
2023
Sold
$128,000
Private Sale/Treaty on 31 Mar 2023 by Scott Banks, of Scott Banks Real Estate Group
2017
Sold
$95,000
26 Oct 2017 by Chad Tawhi
Happy sellers in Prahran
75%
sentiment_satisfied
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 35 reviews in Prahran over the last 12 months.
Local market activity for 1 bedroom units in Prahran
Sold
For Sale
For Rent
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