6/67 High Street, Prahran VIC 3181

Heritage school conversion | north-facing courtyard | split-level townhouse layout | quick rental demand | rear quiet position This property presents a competitively rare offering within the Prahran apartment market. Its conversion from a landmark 1880s school building provides distinctive architectural character and lofty ceilings, a premium departure from standard modern units. The split-level layout, large private courtyard with northern sun, and its quiet rear position deliver a townhouse-like living experience rarely found in such a central, vibrant location. This configuration best serves a buyer seeking character and space over sheer square footage, capitalizing on strong rental demand evidenced by its quick lease history. The primary risk mechanism is the heritage overlay, which imposes strict controls on external modifications, potentially complicating future renovations. The compact 78m² internal area is offset by the expansive courtyard, but requires efficient use of space. The commercial logic is clear: secure a character-filled unit in a tightly held, iconic building with a proven income stream. The judgment is to acquire for long-term hold, leveraging its unique appeal for sustained capital growth and rental performance.