3802/488 Swanston St, Carlton is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 1 bedroom Unit sold in Carlton in the last 12 months.
Perfectly positioned within the sought-after Arrow on Swanston complex, Apartment 3802/488 Swanston Street presents an exceptional opportunity to secure a low-maintenance city residence or high-performing investment in one of Melbourne's most connected locations.Set high above the vibrant streetscape below, this well-appointed one-bedroom apartment offers comfortable and convenient inner-city living, ideal for owner-occupiers, students, professionals, or savvy investors seeking strong rental appeal in a consistently high-demand precinct.Enjoy an unbeatable lifestyle with trams at your doorstep and easy walking access to RMIT University, The University of Melbourne, Queen Victoria Market, Melbourne Central, Carlton Gardens, Lygon Street dining, cafs, retail shopping, and the Melbourne CBD itself. The location continues to attract strong tenant demand thanks to its unrivalled convenience and connectivity.The apartment itself comprises a functional and efficient floorplan featuring a light-filled bedroom, well-equipped kitchen, open-plan living and dining zone, central bathroom, and secure building access. Residents also enjoy access to superb on-site facilities including a swimming pool, gymnasium, sauna, communal laundry, caf amenities, and secure intercom entry, delivering a true lock-and-leave lifestyle.Whether you are looking to enter the Melbourne property market, expand your investment portfolio, or secure an affordable city base in an iconic university precinct, this is an opportunity not to be missed.
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 16,049 properties. Over the last 5 years, Houses in Carlton have seen a 2.56% increase in median value, while Units have seen a -14.08% decrease. As at 30 June 2026:
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