245 High Street

Off Market

245 High Street

Prahran VIC 3181

205 m²

House

Vincent Duong, last sold this property on 22 February 2026 after 157 days on market.

Overview

Whole Building - Shop & Dwelling – 2 Separate Titles

A rare multi-titled corner building offering retail and residential in one prime location. Perfect for investors or owner-occupiers, the property combines strong returns with development potential. Building: • Shop and dwelling on 2 separate titles, separate entries • 3 off-street carparks • 2 potential development schemes available (STCA) • Land area: 205sqm. Floor area: 275sqm (approx.) • Close proximity to Chapel St retail precinct • Retail space estimated income $45,000 pa + GST • Upstairs dwelling vacant & ready to move in - previous tenancy $37,296 PA. Retail Shop: • Open plan – multiple use – showroom, retail, office, hospitality (STCA) • Prominent corner exposure, maximum frontage, signage opportunities • Significant basement for storage or re-development • 2 off-street parking at rear on title • Multiple entrances • Self-contained amenity (kitchenette/toilet) • Back-office area Residential Dwelling: • Comprising 2 large bedrooms, 1 bathroom, separate laundry and separate WC on the ground floor • Ornate features throughout, fireplace, ceiling roses • 1 secure undercover carpark with roller door access from the street • Separate gated entrance • Courtyard at rear Crafted for flexibility and opportunity, this property represents a rare chance to secure both retail and residential components in one strategic location. With development potential, strong rental returns, it’s an investment or occupation prospect not to be missed.

Features

2 bedrooms

1 bathroom

3 carspaces

3 garage spaces

205 m² lot size

House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Prahran over the last 12 months, the estimated median property value of 245 High Street is $1.23m.

Median value

$1.23m

Estimated value range

$550k - $1.47m

Median days on market

Estimated value trend

-5%

decrease 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 245 High Street

2026

Sold

Undisclosed

22 Feb 2026 by Vincent Duong, of Galldon Real Estate

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 2 bedroom houses in Prahran

In the last 12 months, 52 two-bedroom houses similar to 245 High Street, have been sold.

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

(272 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.