16/42 Porter Street

Off Market

16/42 Porter Street

Prahran VIC 3181

Apartment

Overview

High 11% Yield - Fully Refurbished & Furnished

The Phone Code for this property is: 45704. Please quote this number when phoning or texting. $165k is the "buy it now price" via straight to section 32 deal $169k is the "presentation price" if I have to play agent role and schedule inspections, etc Offers below $165k will continue to be ignored, as I'd rather continue yielding 11% return until someone offers $165k or more.. Thanks! Note: this unit has 70% more floor space than other units without a terrace!! - The largest unit currently for sale in the building - The highest yielding unit currently for sale in the building - Technically "student accommodation", but you can owner occupy it - Brand new everything basically Fully refurbished: new paint, new carpets, etc Fully furnished: new appliances, new furnishings, etc FAQ: -Can I live in it: unofficially, yes -Is it pet friendly: yes -Income: $360/PW (great tenant til Feb 2027) -Outgoings: Approx $2,950/PA (approx: OC + council + water) -Internal: 21SQM (approx) -External: 15SQM (approx) -Yield: 11% return @ $164k purchase ------------- Discover contemporary elegance in this perfectly positioned apartment in one of Melbourne's most sought-after suburbs. Situated in a boutique building, this ground-floor gem is ideal for first-home buyers, investors, or those seeking a sophisticated urban lifestyle. Located just moments from Chapel Street, Prahran Market, public transport, and a variety of cafes and restaurants, this property provides the ultimate in convenience and lifestyle. Don't miss this opportunity to own a slice of Prahran's vibrant urban culture. Contact us today to arrange a viewing! Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Features

1 bedroom

1 bathroom

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Prahran over the last 12 months, the estimated median property value of 16/42 Porter Street is $381.25k.

Median value

$381.25k

Estimated value range

$115k - $560k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Prahran. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16/42 Porter Street

2025

Sold

Undisclosed

Private Sale/Treaty on 19 Dec 2025

2024

Sold

Undisclosed

25 Jun 2024 by Zeno Kobica, of Viva Property

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 35 reviews in Prahran over the last 12 months.

Local market activity for 1 bedroom apartments in Prahran

In the last 12 months, 123 one-bedroom apartments similar to 16/42 Porter Street, have been sold.

This represents a 15% increase in one-bedroom apartments sales when compared to the previous 12 months.

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.