202 42 Porter Street Prahran VIC 3181
$159,000

DESCRIPTION

This second-floor apartment offers a stable and attractive rental return, currently leased at $14,856 P.A., with the lease expiring on 22 January 2025. With the increasing demand for student housing in the area, this property is well-positioned to continue delivering solid returns and rental growth.

This student accommodation apartment is situated in a prime location and presents an exceptional investment opportunity. With many students returning to the country and strong immigration growth, rental returns are expected to rise steadily, making this a wise long-term investment.

This apartment is located on the second floor and provides a quiet and comfortable environment. It is thoughtfully designed to meet student needs, featuring a fully equipped kitchen with a gas cooktop, ample storage, and modern stainless steel appliances, including a microwave and dishwasher. The living area opens onto a north-facing private balcony, offering a pleasant space for relaxation. The single bedroom includes a built-in robe and shelf, providing ample storage, while the bathroom is well-appointed with contemporary fixtures and generous shelving. The building also offers communal breakout areas and laundry facilities, enhancing the student living experience.

Conveniently located just a 2-minute walk from Prahran train station, this apartment provides direct access to CBD campuses and is close to the vibrant Greville and Chapel Street areas, making it an ideal choice for students from around the globe.

Approximate Outgoings P.A.:

City of Stonnington Rates: $502.89
South East Water: $691.76
Owners Corporation: $1,770.18

Seize This Exceptional Opportunity in the Student Accommodation Market.

*The images provided represent typical apartments in the building and may not depict the actual apartment for sale. They are intended to give a general impression of the property's style and layout. Interested parties should conduct their own inquiries and inspections to verify details.