514/42 Porter St

Off Market

514/42 Porter St

Prahran VIC 3181

Apartment

Scott Banks, last sold this property on 18 July 2024 after 93 days on market.

Overview

RARE FIND MASSIVE BALCONY CITY VIEWS

STUDENT ACCOMMODATION ONLY CURRENTLY LEASED AT $1,238 PCM UNTIL 8 JANUARY 2025 The fifth floor has lots of light and a massive balcony with spectacular city views. Welcome to the student sanctuary at 42 Porter Street, Prahrana vibrant hub nestled amidst the bustling neighbourhoods of Prahran, Windsor, South Yarra, and St Kilda, in the heart of Melbourne, Victoria. Student Accommodation in the Heart of Prahran: Situated on the fifth floor, this apartment is flooded with natural light and offers breathtaking city views, providing the perfect backdrop for a student's journey. Currently leased at $1,238 per month until January 8, 2024, this investment promises steady and increasing rental returns, underpinned by strong demand in this sought-after locale. Beyond this, it presents an enticing opportunity to hold as an investment or accommodate a student within your family, especially with its rare and expansive private balconyan ideal space for relaxation and study breaks. Modern Living Designed for Students: When you step into this student accommodation, you will see the thoughtful design of student life. The fully functional kitchen boasts stainless steel appliances, including a gas cooktop, ensuring you have everything you need for culinary adventures. The living room extends to a generous private balcony, providing ample outdoor living and entertaining space, a rare find in student accommodations. Comfort and Convenience The student sanctuary includes a single bedroom with a built-in robe and shelf, providing ample storage for essentials. The contemporary bathroom features sleek fittings and shelving, offering style and functionality. Plus, communal laundry facilities and bike storage racks on the ground floor add to your convenience. Prime Location for Student Living Convenience is key here, with the Prahran train station just moments away, which provides direct access to the CBD and Caulfield campuses. Explore the vibrant Chapel and Greville Streets, brimming with cafes, boutiques, and entertainment options. Whether studying or socializing, this location caters to your every need. Invest in Student Accommodation Seize the opportunity to secure your slice of student living in one of Melbourne's most desirable locations. With its prime position, modern amenities, and promising returns, this apartment is an investment in your financial future. Please note: Photos provided indicate the building and its amenities and may not depict the specific apartment.

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 514/42 Porter St is $374.5k.

Median value

$374.5k

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 514/42 Porter St

2026

Rented

Undisclosed

Leased on 03 Feb 2026 by Scott Banks Real Estate Group

2024

Sold

Undisclosed

Private Sale/Treaty on 18 Jul 2024 by Scott Banks, of Scott Banks Real Estate Group

Happy sellers in Prahran

80%

80% 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 32 reviews in Prahran over the last 12 months.

Local market activity for 1 bedroom apartments in Prahran

In the last 12 months, 133 one-bedroom apartments similar to 514/42 Porter St, have been sold.

This represents a 14% 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

(586 reviews)

Get a free market appraisal

James Annett

at Belle Property Armadale

4.9

(205 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

(276 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 14 local reviews across the last 12 months.