204/123 Pelham Street, Carlton, VIC 3053 | Apartment for sale | OnTheHouse
 
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204/123 Pelham Street
Carlton VIC 3053

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Coveted Carlton Gem | North Facing | High Yield Apartment

Contemporary living moments from everything!
Positioned within a highly sought after Carlton address - this light filled north facing apartment delivers an exceptional inner-city lifestyle defined by space, low maintenance living and effortless connectivity.
Leased at $690 per week, providing a strong gross rental yield of approximately 8.0%
Timber flooring flows through the open plan living and dining area, where the true north facing orientation draws in sunlight throughout the day and creates a warm, inviting atmosphere. The living zone extends to a private balcony, offering an easy space to relax or entertain with a pleasant outlook.
The kitchen is sleek and practical, appointed with stone finishes and quality appliances, while two well proportioned bedrooms provide comfortable accommodation with excellent natural light. Including a main bedroom that enjoys access to the balcony.
A central bathroom features floor to ceiling tiling and incorporates a European laundry, enhancing everyday functionality without compromising space.
Residents also enjoy access to a rooftop terrace with panoramic city views, BBQ facilities and landscaped entertaining areas, adding a valuable lifestyle advantage rarely found in apartment living.
Perfectly positioned between Lincoln Square and Argyle Square, and within easy walking distance of Melbourne University, RMIT, the hospital precinct, Lygon Street, Queen Victoria Market and the CBD, this is a location that places the best of Carlton at your doorstep. Trams, cafés, parklands and major institutions are all close by, making it an ideal opportunity for both owner occupiers and investors.
Currently leased at $690 per week until 23 December 2026, the property offers immediate secure income alongside future flexibility.
Don’t miss this rare gem at rock bottom pricing in coveted Carlton - act now!
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Property Details for 204/123 Pelham St, Carlton

204/123 Pelham St, Carlton is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with SaleByHomeOwner.com.au.

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Apartment
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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. There are 9 parks, covering nearly 20.9% of the total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% 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 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.

Carlton has 15,874 properties. Over the last 5 years, Houses in Carlton have seen a -18.29% decrease in median value, while Units have seen a -11.08% decrease. As at 31 August 2026:

  • The median value for Houses in Carlton is $1,305,658 while the median value for Units is $354,704.
  • Houses have a median rent of $895 while Units have a median rent of $570.
There are currently 63 properties listed for sale, and 63 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 640 properties were sold in the past 12 months in Carlton.

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