309/42 Porter St

Off Market

309/42 Porter St

Prahran VIC 3181

20 m²

Studio

Last sold for $180,000

Scott Banks, last sold this property on 12 September 2025 after 4 days on market.

Overview

RARE FIND - STUDENT ACCOMMODATION - WITH CARPARK RENT $19,164 P.A.

Introducing a rare gem in student accommodation: a property with a basement car park on the title! The apartment is leased until 17th February 2026 at $17,726 P.A. The carpark is also leased until 17th January 2026 at $1,440 P.A. TOTAL RENT $19,166 This student accommodation apartment is situated in a prime location and presents a compelling investment opportunity. It is poised to yield consistent rental returns as students flock back to the country. Currently unoccupied, this property is a blank canvas waiting to be claimed. With strong immigration growth and OS students coming to the country to study in droves, rents are expected to continue to increase in the foreseeable future! Perched on the third floor, this apartment offers urban vistas that overlook the lush suburbs, providing a refreshing view for occupants to enjoy during their study breaks. Tailored for student living, it boasts a fully functional kitchen with a gas cooktop, abundant storage, and sleek stainless steel appliances, including a microwave and dishwasher. The living room seamlessly opens up to a private balcony, enhancing the sense of space and comfort. The single bedroom has a built-in robe and shelf for convenient storage. The well-appointed bathroom features modern fixtures and ample shelving. Furthermore, this purpose-built building offers communal breakout areas and suitable laundry facilities for residents. This property is perfectly positioned, just a 2-minute stroll from Prahran train station, which offers direct access to CBD campuses. Moreover, it's moments away from the vibrant Greville and Chapel Street areas, making it the ultimate destination for students worldwide. Approx. Outgoings: Strata Fees: $1,963.60, Council Rates: $480.00, Water Rates: $640.00 Invest wisely and maximise this exceptional opportunity in the student accommodation market. *Photos are typical of student accommodation apartments in the building and may not be of the specific apartment.

Features

1 bedroom

1 bathroom

1 carspace

20 m² lot size

Studio

Estimated Value

We need at least 3 similar 1 bedroom studios sold in Prahran over the last 12 months.

Property history for 309/42 Porter St

2026

Rented

Undisclosed

Leased on 08 Apr 2026 by Rendina Real Estate

2025

Sold

$180,000

Private Sale/Treaty on 12 Sep 2025 by Scott Banks, of Scott Banks Real Estate Group

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 1 bedroom studios in Prahran

In the last 12 months, 1 one-bedroom studio similar to 309/42 Porter St, have been sold.

This represents a 67% increase in one-bedroom studios 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)

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James Annett

at Belle Property Armadale

4.9

(204 reviews)

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Alex Wright

at MRE

(20 reviews)

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Walter Summons

at Belle Property Armadale

4.9

(274 reviews)

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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.