503/123 Pelham Street, Carlton, VIC 3053 | Property Value & History | OnTheHouse
FOR SALE

503/123 Pelham Street
Carlton VIC 3053

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 63m2
Land area: 1090m2
This property is currently on the market
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Property Details for 503/123 Pelham St, Carlton

503/123 Pelham St, Carlton is a 2 bedroom, 1 bathroom Unit and was built in 2008. The property has a land size of 1090m2 and floor size of 63m2.This Property is currently listed for sale with Melcorp Property

Building Type
Unit
Year Built
2008
Floor Size
63m2
Land Size
1090m2
Local Government
Melbourne
Lot/Plan
503/PS702878

Last Listing description (July 2026)

Positioned on the fifth floor of the acclaimed Bravo complex, this stylish two-bedroom apartment delivers contemporary comfort, quality finishes, and an unbeatable inner-city location moments from Melbourne's leading universities.

Ideal for owner-occupiers seeking a vibrant Carlton lifestyle or investors looking for strong rental appeal, this light-filled residence is vacant and ready to enjoy. Timber flooring, floor-to-ceiling glazing, and a private balcony overlooking leafy Lincoln Square create an inviting and sophisticated living environment.

The spacious open-plan living and dining area is complemented by a well-appointed kitchen featuring a breakfast bar and stainless-steel appliances. Both bedrooms include built-in robes, with one enjoying direct balcony access, while the sleek bathroom incorporates a convenient European laundry.

Additional highlights include split-system heating and cooling, secure intercom entry, bike storage, and exclusive resident access to a landscaped rooftop terrace with BBQ facilities and breathtaking city views.

Enjoy a premier Carlton address just moments from Lygon Street's renowned cafs and restaurants, Carlton Gardens, Melbourne Museum, Melbourne University, RMIT University, and city-bound trams for effortless CBD access.

Property History for 503/123 Pelham St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$471,000
03 Mar 2015
Listed for Rent
$520/w
03 May 2022
  • 10 Jun 2026
    Listed for Sale $420,000 - $450,000
  • 30 Mar 2022
    Listed for Rent $520 / week
  • 11 May 2018
    Listed for Rent - Price not available
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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 15,929 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:

  • The median value for Houses in Carlton is $1,429,732 while the median value for Units is $346,504.
  • Houses have a median rent of $895 while Units have a median rent of $570.
There are currently 68 properties listed for sale, and 64 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 638 properties were sold in the past 12 months in Carlton.

Suburb Insights for Carlton 3053

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.