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4/2a Spring Street, Prahran VIC 3181

$340,000

Apartment 1 Bed 1 Bath 48 m²
Listed: 2 days ago
Overview

This stylish 1-bedroom apartment in the heart of Prahran offers a rare opportunity to experience inner-city living with effortless convenience and enduring value. Its compact yet smart layout maximizes a 48 square meter internal area, ensuring spaces are bright and well-utilized.

The generous bedroom benefits from built-in robes, providing practical storage solutions without compromising space. The open-plan living and dining area presents a bright and inviting environment, enhanced by heating for comfort throughout the seasons.

Designed for those seeking a low-maintenance lifestyle or a strategic investment, this property promises strong rental returns in a vibrant suburb. Its location places residents within easy reach of the eclectic dining and boutique shopping on Chapel and Greville Streets, alongside cultural hubs and green spaces like Victoria Gardens and Albert Park Lake.

  • Smart, efficient apartment layout encouraging comfortable living.
  • Open-plan living and dining space with heating for year-round comfort.
  • Located within walking distance to diverse cafes, markets, parks, and reliable public transport links.
  • Ideal for first home buyers, investors, or professionals desiring a convenient city pad.

Additional practical features include space allocated for a dishwasher and washing machine in the kitchen, along with the benefit of a free street parking permit available through the local council, enhancing the ease of urban living.

This property combines lifestyle, location, and long-term investment potential, making it an exceptional offering within Melbourne's sought-after Prahran precinct.

Local Market Insights

In Prahran, Quiet Listings observed 20 new apartments entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $605,000. The property type mix of listed properties is predominantly Apartments at 54%, followed by houses (35%), and commercial properties (5%). The most active agency for apartments in the Prahran area is currently Belle Property, representing 30% of new listings, followed by Buxton Real Estate Group with 30%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
Market Insights for Prahran VIC 3181
New Listings (last 30 days)
20
Average price
$605,000
Lowest price
$340,000
Highest price
$1,290,000
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