16/42 Porter Street, Prahran, VIC 3181

The Phone Code for this property is: 45704. Please quote this number when phoning or texting.

$179k is the "buy it now price" via straight to section 32 deal

$182k is the "presentation price" if I have to play agent role and schedule inspections, etc

Offers below $179k will be ignored, as I'd rather continue yielding 10.5% return until someone offers $179k or more.. Thanks!

Note: this unit with large terrace 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 2026)

-Outgoings: Approx $2,950/PA (approx: OC + council + water)

-Internal: 21SQM (approx)

-External: 15SQM (approx)

-Yield: 11% return @ $179k purchase

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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.