49 Railway StreetCarlton NSW 2218
Property Details for 49 Railway St, Carlton
Last Listing description (July 2026)
49-55 Railway Street + 2A Prospect Street, Carlton
An exceptional potential development opportunity in the heart of Carlton, this rare corner landholding comprises five family homes to be offered and sold in one. Spanning a substantial combined site of approximately 2,105sqm, the property boasts an impressive 49m (approx) street frontage with a generous 47m (approx) boundary along Union Lane.
Although currently zoned R2 Residential, this combined parcel presents a compelling opportunity for rezoning, supported by established precedents for change in the surrounding area. Its substantial scale and strategic positioning enhance its appeal as a future development site, aligning with Carlton's ongoing planning trends toward increased density.
Developers may consider a boutique townhouse or villa-style complex taking advantage of the corner position and dual street access from both 2A Prospect street and Union Lane.
Perfectly positioned just 500 metres from Carlton's vibrant shopping precinct, the site is also moments to local schools, parks and St George Hospital, ensuring strong lifestyle and investment appeal.
- Rare corner landholding in the lively heart of Carlton
- Five freestanding homes across one site offered to market at once
- Substantial combined land parcel of approximately 2,105sqm
- Zoned R2 Residential with strong future rezoning potential
- Surrounded by established precedents for planning uplift
- Impressive 49m (approx) street frontage enhancing development scope
- Generous 47m (approx) boundary along Union Lane adds flexibility
- Corner position and dual frontage maximise design options
- Strategic location aligned with Carlton's density growth trends
- 500m to Carlton's vibrant village cafes, retail and dining
- Close to schools, parks and St George Hospital precinct
- Strategically positioned in between the Kograh and Carlton train stations
Property History for 49 Railway St, Carlton, NSW 2218
- 26 Mar 2026Listed for Sale For Sale
- 05 Mar 2026Listed for Rent $480 / week
- 22 Aug 2025Listed for Sale Expressions of Interest
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About Carlton 2218
The size of Carlton is approximately 2.1 square kilometres. There are 10 parks, covering nearly 3.9% of the total area. The population of Carlton in 2016 was 10722 people. By 2021 the population was 10631 showing a population decline of 0.8% in the area during that time. The predominant age group in Carlton is 30-39 years. Households in Carlton are primarily couples with children 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, 59.50% of the homes in Carlton were owner-occupied compared with 58.70% in 2016.
Carlton has 5,142 properties. Over the last 5 years, Houses in Carlton have seen a 19.06% increase in median value, while Units have seen a 21.55% increase. As at 31 July 2026:
- The median value for Houses in Carlton is $1,783,778 while the median value for Units is $813,860.
- Houses have a median rent of $850 while Units have a median rent of $680.
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