470/800 Swanston St, Carlton is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 32m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 1 bedroom Apartment sold in Carlton in the last 12 months.
Positioned in the tightly held College Square complex, directly opposite The University of Melbourne, with an attractive investment return profile (* approx. 12.7% gross rental yield at $170,000).
- Smart twin-share design (approx. 32sqm) with clearly defined living and study zones.
- Fully furnished with practical interiors suited to student living.
Rental Estimate Approx. $1804 per calendar month
Outgoings
Body Corporate - $6,600 approx. per year
Council Rates - $565 approx. per year
Water Rates - $740 approx. per year
Property Size
Total size - approx. 34 m2
Secure an investment in Melbourne’s best-performing education precinct with this fully furnished apartment in College Square at 800 Swanston Street. Purpose-built for student living, the building’s location—directly opposite Melbourne University and close to RMIT University — which supports reliable, ongoing tenant demand year after year.
A major advantage of College Square is the building’s managed environment—ideal for investors seeking convenience. The complex includes a secure 24-hour managed lobby, and residents enjoy access to lifestyle facilities such as a gym and heated outdoor pool, contributing to strong tenant appeal and low vacancy risk.
Step outside to trams along Swanston Street, and enjoy easy access to Carlton’s café culture, the CBD, and key landmarks including Queen Victoria Market. This is an attractive “set-and-forget” style investment in a location where student demand remains deep and consistent.
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 15,938 properties. Over the last 5 years, Houses in Carlton have seen a -7.45% decrease in median value, while Units have seen a -11.50% decrease. As at 30 April 2026:
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