311/131 Pelham StreetCarlton VIC 3053
Property Details for 311/131 Pelham St, Carlton
311/131 Pelham St, Carlton is a 1 bedroom, 1 bathroom Unit and was built in 2008. The property has a land size of 727m2 and floor size of 21m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 1 bedroom Unit sold in Carlton in the last 12 months.
Last Listing description (September 2026)
Positioned in the heart of Carlton's renowned university precinct, this fully furnished student accommodation apartment presents an outstanding opportunity for investors seeking a secure, low-maintenance asset with immediate rental returns.
Located within walking distance of the University of Melbourne, RMIT University, Melbourne CBD, Queen Victoria Market, Carlton Gardens and an array of cafs, restaurants and public transport options, the property continues to enjoy strong tenant demand from local and international students.
Currently leased at $400 per week ($1,738 per month) until 28 January 2027, this apartment offers a reliable income stream from day one.
Property Features:
Fully furnished student accommodation apartment
Spacious open-plan bedroom and study area
Functional kitchenette with ample storage
Private bathroom
Built-in wardrobe
Dedicated study desk and workspace
Secure building with excellent student-focused amenities
Prime Carlton location close to major universities and CBD attractions
Whether you are expanding your investment portfolio or entering the student accommodation market, this property offers an affordable investment with strong rental appeal in one of Melbourne's most consistently demanded rental locations.
Investment Highlights:
Rent: $400 per week ($1,738 per month)
Fixed lease until 28 January 2027
Strong rental demand from university students
Low-maintenance investment
Premium inner-city location
An excellent opportunity to secure a well-positioned student accommodation investment with immediate income and long-term appeal.
Please note: This property is part of a student accommodation complex and is subject to occupancy requirements and building regulations.
Property History for 311/131 Pelham St, Carlton, VIC 3053
- 31 Jul 2026Sold for $137,500
- 05 Jun 2026Listed for Sale UNDER OFFER
- 29 Oct 2025Listed for Rent $400 / week
Recent sales nearby
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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 16,090 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.
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