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Sold on 23 Jan 2024 for $190,000

581/488 Swanston Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 581/488 Swanston St, Carlton

581/488 Swanston St, Carlton is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 1 bedroom Apartment sold in Carlton in the last 12 months.

Building Type
Apartment

Last Listing description (January 2024)

**THIS PROPERTY NOT ONLY OBTAINED A TOP PRICE, BUT WAS SOLD USING OUR NO SALE, NO CHARGE OFFER. TO FIND OUT MORE, PLEASE CONTACT PETER DOAN ON 0400 423 218**

An exceptional investment opportunity exists within the 'Arrow on Swanston' complex with a cosy 1 bedroom apartment situated ideally on the 5th floor. Move straight in or invest now and pocket the savings with this super-affordable apartment offering the promise of high returns, low maintenance and a superbly central address. Additionally, this property is also sure to appeal to busy professionals and those on the lookout for a lock-up-and-leave city-based pad.

An ideal option for those keen to experience the best in Carlton living, this 5th floor residence is serviced by an ample-sized and bright living area with meals, kitchen serviced by stainless steel appliances including a induction cooktop. the bedroom with a study nook and views of the balcony, contemporary bathroom, reverse cycle heating and cooling, and secure intercom. Residents of the complex will have access to a building manager, heated pool, sauna and gym,

Situated at the very cusp of the CBD within walking distance to Melbourne Uni, RMIT, Carlton Gardens, the home is indulged with every amenity at its doorstep, including an endless array of effervescent eateries, bars, and cafes on Lygon Street, all the vitality of the CBD - Melbourne Central, Emporium, and QV shopping centres, the tantalising fresh food at Queen Vic market, plus every mode of transport.

This rare gem will not last long, please call Peter Doan on 0400 423 218 for inspection details

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Property History for 581/488 Swanston St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$190,000
23 Jan 2024
Listed for Rent
24 May 2019
  • 23 Jan 2024
    Sold for $190,000
  • 14 Dec 2023
    Listed for Sale $188,000 - $198,000
  • 27 Apr 2020
    Sold for $162,500
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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 15,707 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 107 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 509 properties were sold in the past 12 months in Carlton.

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Peter Doan
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