309/131 Pelham St, Carlton is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 22m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 1 bedroom Apartment sold in Carlton in the last 12 months.
This student accomodation is currently leased for $1629 per calendar month ($19548 per annum) offering an incredible return for the wise investor. This student apartment is perfectly positioned at the intersection of Swanston and Pelham Streets in Carlton, offering a convenient lifestyle just a short stroll from both Melbourne University and RMIT. The bustling city center is also within easy reach, with popular attractions like Melbourne City Baths, Queen Victoria Market, local parks, and the vibrant dining scene of Lygon Street just minutes away. Tram services at your doorstep make commuting even more accessible.
Currently generating a rental income of $1,629 per month, this property offers a fantastic return on investment.
Key Features:
* Secure Entry for peace of mind
* Just 250 meters from Melbourne University
* Onsite communal laundry facilities
* Elevator access to all floors
* Dedicated bike storage
* Gas included in rent
* High-speed WiFi available through Superloop
Be quick to enquire!
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 16,029 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:
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