Prahran, VIC 3181
Type of Property: Apartment
Reason for Purchase: Investment Property
Address: Dandenong Rd, Prahran VIC 3181
Property Journey:
Based in the Philippines, the client wanted to broaden his property portfolio and was looking for an exceptional investment property that not only provided a strong yield but also excellent long term capital growth. The property purchased was exceptionally large in size advertised as a two bedroom property it could easily be leased as a three bedroom therefore increasing its rental potential. As one of only six apartments in the complex, these types of character properties are becoming very rare and will increase in value due to high demand for the size of the bedrooms, ceiling height and general charm.
About the Property:
Combining timeless appeal with sensational scope, this elevated 3-bedroom apartment is nestled within ‘Montclair’, an enchanting boutique garden block where classically oversized proportions and period features abound. Accessed via a private staircase, it enters to the charm and character of high ceilings, timber floors and gorgeous diamond leadlight windows with colourful flourishes. Sympathetic to a modern update befitting its generous spaces, a lovely central living room is warmed by a gas heater, a bright separate kitchen has gas cooking, a dishwasher and handy rear access, and a fabulous sunroom enjoys a leafy backdrop for tranquil reflection, relaxation or study use. Two of the double bedrooms have built-in robes, the master with wall-to-wall storage, with the third also suitable as a dedicated formal dining room. Including an undercover off-street car space and a bathroom with laundry facilities, it is perfectly positioned to take advantage of city-bound trams on the doorstep and the nearby lifestyle precincts of Malvern, Armadale and Windsor.