FOR SALE
$230,000-$250,000

156/800 Swanston Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 54m2
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Turn-key Investment or Ideal Live-in Student Apartment

Conveniently situated opposite University of Melbourne and a short stroll to the tram for the CBD and RMIT, this spacious 1-bedroom plus study apartment offers a high-yield set-and-forget addition to an investment portfolio (offering 6.5% net yield approx.) or an attractive live-in opportunity for student owner-occupiers.
Generously sized at 54sqm with a large bedroom suitable for both dual or single occupancy, expect high yields compared to the smaller one-bedroom or studio apartments more commonly found in the building. The large apartment is highly liveable, coming fully furnished and having a full-sized kitchen with island bench, enclosed study, and large bathroom.
800 Swanston Street enjoys its Carlton location with shops, cafes, and a Woolworths just a stone's throw away on bustling Lygon Street. The building includes 24-hour on-site security and reception, gym, and communal study rooms and recreational spaces which foster a thriving student community.
With 100% occupancy in the building and property management by Unilodge, investors can expect turn-key convenience.
Currently leased for $2,138/pcm until end January 2025; expect hassle-free return on investment ready to take over and keep tenanted, or an ideal home for student owner-occupiers to enjoy from Semester 1 2025.
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Property Details for 156/800 Swanston St, Carlton

156/800 Swanston St, Carlton is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 54m2. The place is currently for sale with Melplex Real Estate.

Building Type
Apartment
Floor Size
54m2

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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2011 was 13,509 people. By 2016 the population was 18,506 showing a population growth of 37.0% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation. In 2011, 21.6% of the homes in Carlton were owner-occupied compared with 18.6% in 2016.

Carlton has 15,684 properties. Over the last 5 years, Houses in Carlton have seen a 0.59% increase in median value, while Units have seen a 0.97% increase. As at 31 August 2024:

  • The median value for Houses in Carlton is $1,438,580 while the median value for Units is $372,241.
  • Houses have a median rent of $678 while Units have a median rent of $520.
There are currently 54 properties listed for sale, and 83 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 514 properties were sold in the past 12 months in Carlton.

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Gerry Wang
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Melplex Real Estate
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