FOR SALE
$300,000 Open to Offers

570/488 Swanston Street
Carlton VIC 3053

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Affordable Urban Retreat or High Yield Investment

Ideally positioned on the 5th level of this amazing “Arrow on Swanston” building, is this entry point 2 bedroom apartment.
With resort style amenities, residents enjoy the benefits of a heated swimming pool, gym, sauna and onsite building manager.
Perfect for your first home, a high yield rental investment or city base when travelling to Metro Melbourne.
Expected rent return between $450pw - $500pw
The abode features an open plan living/dining room, modern kitchen, central bathroom and balcony with Northerly aspect.
The lifestyle location is AAA rated, close to popular restaurants, cafes, cool city bars, boutique retailers, public transport options, scenic bike trails and parkland.
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Property Details for 570/488 Swanston St, Carlton

570/488 Swanston St, Carlton is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with Peter Markovic Real Estate.

Building Type
Apartment

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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 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 62 properties listed for sale, and 87 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 525 properties were sold in the past 12 months in Carlton.

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James Markovic
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Peter Markovic Real Estate
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