508A/640 Swanston Street, Carlton, VIC 3053 sold on 28 October 2025 | OnTheHouse
 
SOLD
Sold on 28 Oct 2025 for $335,000

508A/640 Swanston Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 38m2
Land area: 41m2
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Property Details for 508a/640 Swanston St, Carlton

508a/640 Swanston St, Carlton is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 41m2 and floor size of 38m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Unit sold in Carlton in the last 12 months.

Building Type
Unit
Year Built
2003
Floor Size
38m2
Land Size
41m2
Local Government
Melbourne
Lot/Plan
508A/PS448737

Last Listing description (November 2025)

A Rare Opportunity In the Middle of the Universities Precinct.

Superb investment property opportunity. Returns $23,000+ in rent collected annually. Don't miss this opportunity to purchase in a highly popular precinct!

Here's other reasons why you should invest in this apartment:

It is modern and low maintenance.
Very close to Melbourne University and RMIT.
Tram stop at your doorstep.
Famous Lygon Street eateries nearby.
Owner just installed a brand new kitchen benchtop.
Comes with a secure carpark.
Very quiet as it faces internal courtyard.

Outgoings are:
Water rate $722.50 per year
Council rate $890.50 per year
Owner Corporation $3243 per year

Contact us to arrange an inspection now.

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Property History for 508a/640 Swanston St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$335,000
28 Oct 2025
Listed for Rent
$300/w
19 May 2021
  • 28 Oct 2025
    Sold for $335,000
  • 24 Mar 2025
    Listed for Sale Under Contract
  • 26 Jul 2023
    Listed for Rent $435 / week
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About Carlton 3053

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:

  • The median value for Houses in Carlton is $1,669,881 while the median value for Units is $337,144.
  • Houses have a median rent of $675 while Units have a median rent of $550.
There are currently 58 properties listed for sale, and 78 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 643 properties were sold in the past 12 months in Carlton.

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