109/1 Donald Street,

Prahran

Sold Off Market by McGrath South Yarra

Set within the tightly held Prahran Mews student accommodation complex, Apartment 109 is a bright studio with the rare bonus of a private balcony.

Currently leased at $350 per week, this apartment delivers strong, reliable income in a location that students consistently target. The layout is practical and light-filled, with a compact kitchenette, gas cooktop, good storage and a modern ensuite bathroom.

Positioned just moments from Chapel Street, cafes, supermarkets and transport, and only a short walk to Swinburne University, Prahran Station and St Kilda Road trams, this is classic set-and-forget student accommodation.

Rental income $350 per week | $18,200 per annum

Indicative gross yield At $149,000: approx. 12.2% At $159,000: approx. 11.4%

A standout option for investors chasing yield, simplicity and long-term demand.