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505/42 Porter Street


The students are coming! The perfect entry level investment property!

Permitted as student accommodation, this brilliant apartment is only metres from the heart of Greville and Chapel St’s cafes, global eateries and boutique stores. The much-loved Prahran market is only a few minutes’ walk away.

“505” is a sound investment sure to attract steady and ongoing rental returns, now that students are flooding back into the country. Currently leased with a return of $270 per week, this fifth floor apartment offers incredible, inspiring, unobstructed 24 hour views of Melbourne’s stunning CBD skyline. Perfectly designed for student living featuring a fully functional kitchen with a gas cooktop and ample storage, stainless steel fittings, including a microwave and dishwasher. Very recently recarpeted, the living room opens out to a private balcony with the bedroom featuring a built-in robe and shelf. The fully facilitated bathroom offers contemporary fittings and shelving. This purpose-built building has communal break-out areas and commercial grade laundry facilities.
Less than 5 minutes’ walk to the Melbourne Polytechnic University and only metres to Prahran train station, providing direct access to CBD campuses. This Prahran location is one of the most desirable for all students.

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  • Price 170,000