230-232 Elgin StreetCarlton VIC 3053
Property Details for 230-232 Elgin St, Carlton
230-232 Elgin St, Carlton is a 1 bedroom, 1 bathroom House. The property has a land size of 254m2.
Last Listing description (July 2024)
Welcome to 230 Elgin Street.
Your gateway to unlock a world of possibilities with this extraordinary investment opportunity whether you're an investor, value-add buyer, or accommodation provider.
This free-standing complex boasts 13 quality studio apartments, strategically located on Melbourne's City Fringe in the heart of Carlton, making it one of the most sought after student accommodation hot spots to hit the market in recent years.
Key Highlights:
Unmatched Location:
Capitalise on the unrivalled position, merely 200m from The University of Melbourne, RMIT, The Royal Melbourne Hospital and the iconic Victoria Market. Surrounded by parks and recreation facilities and just a stone's throw from bustling Lygon Street renown for its world class retail facilities and eclectic eateries.
Strategic Investment:
The property boasts a substantial freehold landholding with side & rear lane frontage, providing a unique advantage.
Seamless Connectivity:
Providing excellent public transport via a major tram stop at your doorstep, offering direct access to Melbourne CBD through tram routes 1 & 6 and the bus network via Lygon Street.
Lucrative Potential:
The fully leased complex currently generates an annual income of $243,360, with current increases being implemented presenting a potential income of approximately $265,200 per annum.
Don't miss the opportunity to be a part of this outstanding inner-city property with boundless potential; this is your chance to make a mark in Melbourne's vibrant real estate landscape.
EOI closing 28 June 5pm
Property History for 230-232 Elgin St, Carlton, VIC 3053
- 17 Aug 2023Listed for Sale Price on Request
- 17 May 2022Listed for Sale Contact Agent
- 22 Oct 2021Listed for Sale Contact Agent
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 16,053 properties. Over the last 5 years, Houses in Carlton have seen a -2.64% decrease in median value, while Units have seen a -10.58% decrease. As at 31 December 2025:
- The median value for Houses in Carlton is $1,509,181 while the median value for Units is $328,866.
- Houses have a median rent of $675 while Units have a median rent of $550.
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