1-13 Elgin StreetCarlton VIC 3053
Property Details for 1-13 Elgin St, Carlton
Last Listing description (April 2025)
JRW Property International is proud to present 1-13 Elgin Street, Carlton VIC 3053, for sale for the first time since 1940.
This prime investment boasts a double street frontage and is currently leased to a long-term tenant, Beaurepaires, a reputable business with over 110 Google reviews averaging 4.6 stars. Currently returning $160,000 per annum plus GST and outgoings and land tax. The property selling with lease.
Positioned in the heart of Carlton, within walking distance to University of Melbourne and local amenities, the property sits in a General Residential Zone, offering significant redevelopment potential for student accommodation or Build-to-Rent (BTR) projects, catering to the competitive rental market.
For more information or to further discuss this unique investment opportunity, please contact the team at JRW Property International.
Property History for 1-13 Elgin St, Carlton, VIC 3053
- 11 Feb 2025Sold for $2,400,000
- 18 Nov 2024Listed for Sale Auction
- 01 Jul 1975Sold for $70,000
Recent sales nearby
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0About 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 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 16,028 properties. Over the last 5 years, Houses in Carlton have seen a 11.55% increase in median value, while Units have seen a -2.13% decrease. As at 30 November 2025:
- The median value for Houses in Carlton is $1,669,881 while the median value for Units is $337,144.
- Houses have a median rent of $675 while Units have a median rent of $550.
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