For Sale

1/1-5 Donald Street, Prahran, Vic 3181

Private Sale: $155,000 (ROI 11.4%!)

Apartment

Type

Bedrooms

Bathrooms

Published on Monday, October 26, 2026 ( See property details for 1/1-5 Donald Street, Prahran, Vic 3181)

Private Sale: $155,000 (ROI 11.4%!)

View the agent price guide.

Scott Kim Director & Officer in Effective Control (OIEC)

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Josh Hanvey Property Advisor

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, light-filled studio apartment in Prahran offering excellent investment returns and vibrant inner-city living.

🏡 Property Highlights

Impressive 11.4% gross rental yield with $17,724 annual income
Fully leased and professionally managed investment property
Prime location just moments from Chapel Street's vibrant precinct
Light-filled, spacious studio design maximising comfort and functionality
Modern kitchen with stone benchtops, stainless steel appliances, and gas cooking
Secure complex with intercom entry and optional onsite parking

✨ Key Features

Open-Plan Living
Built-in Robes
Security Screens / Gates
Floorboards
NBN / High-Speed Ready
Internal Laundry
Balcony
Ensuite
Dishwasher
Secure Parking

Suburb and Property Insights of Prahran, VIC 3181

Prahran is a vibrant inner-city suburb renowned for its eclectic mix of boutique shopping, trendy cafés, and lively entertainment venues. Its proximity to Melbourne’s CBD and excellent public transport options make it highly desirable for students, professionals, and investors alike. The area boasts a strong community atmosphere, diverse dining experiences, and easy access to parks and cultural attractions. Prahran’s dynamic lifestyle and ongoing development ensure it remains a sought-after location for both living and investment. Key highlights include its iconic Chapel Street precinct, excellent transport links, and a thriving local scene.

Frequently Asked Questions

What are the ongoing costs associated with this apartment?

Ongoing costs may include strata fees, council rates, and utility charges such as gas and internet. Specific details can be obtained from the property manager.

Is the apartment suitable for student accommodation?

Yes, the apartment is ideal for students or university parents seeking convenient, inner-city accommodation with established rental arrangements.

What amenities are available within the complex?

The complex features intercom entry, communal laundry facilities, and optional secure onsite parking, subject to availability.

Can I lease the property for short-term rentals?

Leasing terms depend on the strata and building regulations. It is advisable to confirm with the property management regarding short-term rental policies.

What is the condition of the apartment?

The apartment is presented in a modern, well-maintained condition with contemporary finishes and thoughtful design.

What to ask about this property to agent?

Are there any upcoming strata fee increases or special levies planned for the complex? Is there any history of flooding or bushfire risk in the area? Are there any restrictions or covenants affecting the property? What are the zoning regulations and potential development plans nearby? Are there any planned construction projects or infrastructure works in the vicinity that could impact living conditions?

1/1-5 Donald Street, Prahran, Vic 3181 - More Details

Private Sale: $155,000 (ROI 11.4%!)

**ALL ENQUIRIES MUST CONTAIN A CONTACT NUMBER FOR FURTHER INFORMATION**

Please enquire online or call our office (open 7 days) on (03) 9808 0481 for a PRIVATE VIEWING of this stunning home.

Positioned just moments from the iconic Chapel Street precinct within the renowned Prahran Mews complex, this beautifully presented, studio apartment presents an exceptional investment opportunity in the heart of Prahran. Delivering an impressive 11.4% gross rental yield, this high-performing investment generates $17,724 in annual rental income. Offering an attractive alternative to traditional low-yielding investments, this fully leased and professionally managed property is ideally suited to investors seeking strong cash flow, SMSF buyers and families looking to secure student accommodation in one of Melbourne's most vibrant inner-city locations.

Features include:
* Outstanding investment returns generating $1,477 per month in rental income, providing investors with an established income stream.
* An attractive alternative to term deposits, offering the potential for stronger income returns while retaining ownership of a tangible property asset, subject to the risks and costs of property investment.
* Ideal for university parents, particularly interstate or regional families seeking accommodation for children studying in Melbourne, with the potential to offset education-related living expenses through rental income, subject to occupancy arrangements.
* Convenient, professionally managed investment, fully leased and operated by Student Housing Australia (SHA), providing established rental arrangements and ongoing property management.
* Light-filled and spacious studio apartment, thoughtfully designed to maximise comfort and functionality, featuring a practical living and study environment.
* Modern kitchen featuring stylish stone benchtops, stainless steel appliances, gas cooking and excellent storage space.
* Generously proportioned private bathroom featuring contemporary finishes, floor-to-ceiling tiling and a large walk-in shower.
* Secure complex featuring intercom entry, communal laundry facilities and optional secure onsite parking, subject to availability.
* Additional conveniences include gas usage incorporated into rental arrangements and access to discounted Superloop Wi-Fi broadband services.

Perfectly positioned just behind the vibrant Chapel Street precinct, this exceptional apartment places residents within walking distance of Prahran's finest cafés, restaurants, boutique shopping and entertainment destinations. Prahran Train Station and nearby educational facilities are only moments away, while St Kilda Road tram services provide convenient connections to Melbourne's CBD. Surrounded by an outstanding selection of lifestyle amenities, educational institutions and public transport options, this highly convenient location continues to appeal to students seeking accessible inner-city accommodation.

Don’t miss this incredible opportunity—enquire today!

Contact Scott Kim and Josh Hanvey today on (03) 9808 0481 for more information and secure this home today!

** Sale Method: Private Negotiation
** Settlement: Negotiable
** Inspection: By Appointment Only

Type: Apartment
Bedrooms: 1
Bathrooms: 1

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Map & nearby places — 1/1-5 Donald Street, Prahran, Vic 3181

Explore 1/1-5 Donald Street, Prahran, Vic 3181 in 3D

See the photorealistic 3D view of this property and everything around it before you book an inspection.

Photorealistic 3D aerial & street-level flyover
Nearby schools, parks, shopping, transport, health & dining
Walking & driving routes with travel time from the front door
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Costs and returns

Work out what this home could cost you, or earn you, using your own numbers. The calculators run in your browser and keep nothing you type.

School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Port Phillip Specialist School Zone Government combined school, co-ed

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

Galilee Regional Catholic Primary School Catholic primary school, Prep-6, co-ed
Melbourne High School Government secondary school, 9-12, boys
Oakwood School Government secondary school, 7-12, co-ed
St Michael's Grammar School Independent combined school, Prep-12, co-ed
Melbourne Girls Grammar Independent combined school, Prep-12, girls
Melbourne Girls Grammar - Morris Hall Campus Independent combined school, Prep-12, girls

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