OFF MARKET

365/488 Swanston Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 61m2
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Last updated 16 Dec 2024
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Property Details for 365/488 Swanston St, Carlton

365/488 Swanston St, Carlton is a 1 bedroom, 1 bathroom Unit and was built in 2002. The property has a floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
2002
Floor Size
61m2
Local Government
Melbourne
Lot/Plan
365/PS419697

Last Listing description (October 2023)

Welcome to this charming 2-bedroom apartment nestled in the heart of Melbourne's educational and cultural hub. Located on Swanston Street just steps away from both Melbourne University and RMIT University, this apartment offers a unique blend of academic accessibility and urban convenience.

As you step inside, you'll be greeted by a cozy living space adorned with modern furnishings and an abundance of natural light. The open-concept design seamlessly connects the living and dining areas, creating a welcoming atmosphere for both relaxation and social gatherings. The tastefully designed interior reflects a perfect harmony between comfort and style.


One of the most exceptional features of this apartment is its unparalleled location. Situated downstairs is a tram station that grants you effortless access to Melbourne's dynamic city center and its vibrant surroundings. A variety of shops, boutiques, and convenience stores are within arm's reach, ensuring that your daily necessities are easily met.

Whether you're a studying or working in the city looking for a convenient haven amidst your studies or a professional seeking a well-connected urban dwelling, this apartment effortlessly captures the essence of Melbourne's lively lifestyle. Embrace the blend of educational opportunities, cultural experiences, and city comforts that await you in this prime location. Your next chapter begins here, in this delightful 2-bedroom apartment adjacent to Melbourne Uni and RMIT.

For the savvy investor, this property presents a golden opportunity with its potential for impressive returns. With a projected yield of 8-9%, this apartment offers not only a prime location but also a promising financial prospect. The proximity to two major universities ensures a steady demand for rental accommodations from students and faculty alike, providing a reliable stream of rental income.

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Property History for 365/488 Swanston St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$320,000
09 Sep 2023
Listed for Rent
$420/w
01 May 2023
  • 09 Sep 2023
    Sold for $320,000
  • 28 Aug 2023
    Listed for Sale Under Offer
  • 01 May 2023
    Listed for Rent $420 / week
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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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