FOR SALE
$140,000 to $154,000

309/131 Pelham Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 22m2
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Get the Return on Your Cash You Deserve. Get 10% in your Pocket

This student accomodation is currently leased for $1629 per calendar month ($19548 per annum) offering an incredible return for the wise investor. This student apartment is perfectly positioned at the intersection of Swanston and Pelham Streets in Carlton, offering a convenient lifestyle just a short stroll from both Melbourne University and RMIT. The bustling city center is also within easy reach, with popular attractions like Melbourne City Baths, Queen Victoria Market, local parks, and the vibrant dining scene of Lygon Street just minutes away. Tram services at your doorstep make commuting even more accessible.
Currently generating a rental income of $1,629 per month, this property offers a fantastic return on investment.
Key Features:
* Secure Entry for peace of mind
* Just 250 meters from Melbourne University
* Onsite communal laundry facilities
* Elevator access to all floors
* Dedicated bike storage
* Gas included in rent
* High-speed WiFi available through Superloop
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Property Details for 309/131 Pelham St, Carlton

309/131 Pelham St, Carlton is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 22m2. The place is currently for sale with G & H Property Group.

Building Type
Apartment
Floor Size
22m2

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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 15,690 properties. Over the last 5 years, Houses in Carlton have seen a 27.83% increase in median value, while Units have seen a -4.06% decrease. As at 30 September 2024:

  • The median value for Houses in Carlton is $1,665,443 while the median value for Units is $362,750.
  • Houses have a median rent of $675 while Units have a median rent of $515.
There are currently 64 properties listed for sale, and 86 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 523 properties were sold in the past 12 months in Carlton.

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Gavin Zeitz
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Luke Carlson
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G & H Property Group
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