FOR SALE
$150,000 - $165,000

816/131 Pelham Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 22m2
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Superb Investment in University Precinct with 12.5%+ Return & Direct Park Views

A rare opportunity exists to purchase a great Blue-Chip investment being a fully furnished apartment in an area with high student accommodation demand with consistent high yield and returns. Alternatively, purchase the unit for a place for your son/daughter to live in for their university years
Situated ideally on the 8th level, this fully furnished one bedroom studio oozes plenty of natural sunlight, a safe environment and close proximity to major university and hospital precincts. Its clever layout which incorporates study area with custom-built desk and flexible bedroom/living area complemented by room divider, storage cupboard/robe and private balcony to soak in the beautiful direct park views of Lincoln Square.
The secure complex provides access to laundry facilities and a communal lounge. Ideally located on the corner of Swanston & Pelham Street, Carlton; within walking distance to Melbourne University, RMIT & City Centre. Parks, City Bath, Victoria Market & and Lygon Street Restaurants only minutes away. Tram stops are at the door step for convenient access, or embrace the advantage of the Free Tram Zone around the corner. With higher than ever rental demands There is never a better opportunity than now to invest in this student accommodation in the top suburb of Carlton
This Student Accommodation is currently leased at $381 per week, making this a super solid 12.5% return on investment per annum.
Please call Peter Doan on 0400 423 218 for more information
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Property Details for 816/131 Pelham St, Carlton

816/131 Pelham St, Carlton is a 1 bedroom, 1 bathroom Apartment. The property has a land size of 22m2. The place is currently for sale with Bow Residential.

Building Type
Apartment
Land 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 15,706 properties. Over the last 5 years, Houses in Carlton have seen a 5.40% increase in median value, while Units have seen a -4.41% decrease. As at 30 November 2024:

  • The median value for Houses in Carlton is $1,517,687 while the median value for Units is $364,365.
  • Houses have a median rent of $650 while Units have a median rent of $525.
There are currently 59 properties listed for sale, and 105 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 511 properties were sold in the past 12 months in Carlton.

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Peter Doan
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Sean Cho
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Bow Residential
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