351 High Street, Prahran VIC 3181

3 bed townhouse | 1880 shell | 130sqm land | city glimpses | no heritage overlay | Stonnington council This property presents a rare configuration advantage: a three-bedroom, two-bathroom townhouse on 130sqm in a tightly held inner-urban pocket, where most comparable stock is two-bedroom. The 1880 facade with a comprehensively renovated interior — including Miele kitchen, bi-fold doors to a private courtyard, and a west-facing balcony — offers the lifestyle amenity that drives premium demand among professionals and downsizers seeking lock-and-leave convenience. The location near Chapel Street, Hawksburn Village, and multiple transport nodes supports strong owner-occupier appeal, which historically underpins price resilience in this corridor. The primary risk is the narrow land-to-building ratio: the 172sqm building footprint leaves limited scope for further expansion, and the 130sqm site constrains future redevelopment potential. The 2017 sale as a two-bedroom configuration suggests the current layout may involve a reconfiguration that could affect resale clarity. However, the absence of heritage, flood, or bushfire overlays reduces regulatory friction, and the reliable HFC NBN and 5G coverage support remote work viability. For a buyer seeking a move-in-ready home with strong rental yield potential — estimated at 3.1% — this property offers a defensible entry into a premium postcode.