SOLD
Sold on 27 Sep 2023 for $178,000

4320/550 Lygon Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Andrew Ward
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Property Details for 4320/550 Lygon St, Carlton

4320/550 Lygon St, Carlton is a 1 bedroom, 1 bathroom Unit and was built in 1998. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 1 bedroom Unit sold in Carlton in the last 12 months.

Building Type
Unit
Year Built
1998
Local Government
Melbourne
Lot/Plan
3L20/PS423753

Last Listing description (September 2023)

Ideal for student and non-student accommodation with low OC fees and excellent yields. Perfectly positioned in a highly sought after Lygon Street location & securely leased, this apartment makes for a fantastic investment opportunity. Offering 1 bedroom, bathroom, kitchen, balcony & study, and only moments away from nearby universities, shops, cafes, public transport and the CBD. Currently leased by an outstanding tenant until June 2023.

This 32 sq/m approx. apartment offers plenty of potential for all.

Other features include:-
- Generous living area
- Kitchen with gas cook top
- Securely tenanted
- Bathroom
- 24 Security on-site
- Comes partly furnished
- Public transport
- Close to shops, cafes, restaurants with Lygon street just around the corner
- Short walk to the CBD
- Melbourne University & RMIT both in close proximity

# Pictures displayed may not be of this property, however, they give the purchaser the opportunity of seeing how these properties can look.

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Property History for 4320/550 Lygon St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$178,000
27 Sep 2023
Listed for Rent
$342/w
05 Apr 2019
  • 27 Sep 2023
    Sold for $178,000
  • 07 Mar 2023
    Listed for Sale All reasonable offers considered
  • 15 Mar 2019
    Listed for Rent - Price not available
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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 16.38% increase in median value, while Units have seen a -3.14% decrease. As at 31 July 2024:

  • The median value for Houses in Carlton is $1,518,761 while the median value for Units is $364,888.
  • Houses have a median rent of $675 while Units have a median rent of $520.
There are currently 53 properties listed for sale, and 76 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 510 properties were sold in the past 12 months in Carlton.

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