18/2 King Street, Prahran VIC 3181

1-bed in sought-after Prahran pocket | strata land content | heritage and flood overlay present | priced below comparable new stock The property’s primary buying case rests on its strata land component within a tightly held Stonnington address, offering a footprint rarely matched by newer apartments in the area. The 2005 build quality and secure parking provide a practical edge for owner-occupiers seeking low-maintenance living without sacrificing floor space, while the Fibre to the Building connection adds a modest convenience. This unit suits a first-home buyer or downsizer prioritising location and land exposure over cosmetic finish. Heritage and flood overlays introduce non-negotiable constraints that limit future extension potential and may affect insurance costs, narrowing the buyer pool at resale. The price guide sits above recent building comparables, meaning any premium must be justified by the superior strata land holding rather than the unit itself. Hold for steady rental yield or as a long-term land play in a precinct where supply is structurally constrained,do not overpay for the address alone.