5/28 Clifton Street, Prahran VIC 3181

5/28 Clifton Street, Prahran VIC 3181
2-bedroom apartment, north-facing balcony, Chapel Street precinct, boutique block of 11 | Low-density urban edge with strong amenity access | Suits first-home buyers and investors seeking yield This apartment presents a rare configuration in a sought-after low-density block, where the north-facing balcony and open-plan layout create genuine liveability for a buyer seeking a foothold in the Chapel Street precinct. The 402m² land share and secure car space add structural value, while the 4.9% rental yield signals strong investor demand. It serves best as a long-term hold for owner-occupiers or as a core holding in a portfolio targeting consistent yield. The flood overlay is a material risk that may affect insurance premiums and future resale appeal, requiring due diligence on council mitigation measures. The estimated value of $621,000 sits above the price guide, suggesting limited short-term capital growth. However, the property’s location near Prahran Market and transport infrastructure supports stable demand. Hold for income and lifestyle utility rather than speculative gain.
Detailed Independent Property Report prepared  by PropCred Analyst team for 5/28 Clifton Street, Prahran VIC 3181
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ✕ 2
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Prahran is a vibrant, well-connected inner-city suburb attracting professionals and upsizers seeking a premium lifestyle near the CBD. Demand is driven by its dynamic urban amenities and strong rental market, particularly for units. Recent price trends show a mixed but generally softening market for houses, while units present a more stable investment profile with higher yields. Future growth is underpinned by ongoing urban development, though high prices and constrained land supply present persistent affordability and sensitivity challenges.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

402m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat