509/488 Swanston Street, Carlton, VIC 3053 | Property Value & History | OnTheHouse
OFF MARKET

509/488 Swanston Street
Carlton VIC 3053

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 2783m2
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Property Details for 509/488 Swanston St, Carlton

509/488 Swanston St, Carlton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 2783m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
Unit
Year Built
2002
Floor Size
52m2
Land Size
2783m2
Local Government
Melbourne
Lot/Plan
509/PS419697

Last Listing description (May 2026)

** BOOK INSPECTION ONLINE **

Delivering a wonderful dual level floor plan and located in the sought after Arrow on Swanston complex, this stylish fully furnished two bedroom apartment offers an unbeatable lifestyle on the citys edge, just an easy stroll to both the University of Melbourne and RMIT University.

Perfectly positioned in the heart of Carlton, the property is also moments from Lygon Streets renowned dining precinct, Queen Victoria Market, Carlton Gardens, and Melbournes CBD. With trams at your doorstep, commuting anywhere in the city is effortless.

Inside, the apartment features a functional open plan living and dining area filled with natural light, flowing through to a practical kitchen with ample cabinetry, electric cooking, and generous bench space. The layout has been designed for easy living and is ideal for students, professionals, or anyone wanting a low maintenance city base.

Both bedrooms are well proportioned and come fully furnished, providing a move in ready lifestyle. The central bathroom is modern and well maintained, while split system heating and air conditioning both upstairs and downstairs ensures comfort throughout the year. A private balcony also offers a great place to relax and enjoy the surrounding city atmosphere.

Residents of the complex enjoy access to a range of lifestyle facilities rarely found in apartment living, including a swimming pool, fully equipped gymnasium, sauna, secure intercom entry, and onsite management. Laundry facilities within the building are communal.

Car parking is available within the building subject to availability, with applicable charges through building management. This allows residents flexibility depending on their parking requirements.

With unbeatable access to universities, public transport, restaurants, parks, and Melbournes vibrant CBD, this apartment delivers convenience, lifestyle, and comfort in one of Carltons most popular residential complexes.

Property Features
Fully furnished apartment
Dual level floor plan
Two bedrooms with built in storage
One central bathroom
Open plan living and dining
Functional kitchen with electric cooking
Private balcony
Split system heating and air conditioning upstairs and downstairs
Secure intercom entry
Access to swimming pool, gymnasium and sauna

Inspect today and secure your fully furnished Carlton lifestyle in one of the citys most convenient locations.

**** TO AVOID DISAPPOINTMENT, PLEASE REGISTER TO INSPECT PROPERTIES ****
By registering your details, you will be INSTANTLY informed of any updates, changes or cancellations for your property appointment. If no one registers for an inspection time, the inspection may not proceed.

DONT MISS OUT! Please book for an inspection today.

Photo ID is required at all inspections.

Only 2Apply applications will be accepted for this property.

Property History for 509/488 Swanston St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$280,000
16 Mar 2022
Listed for Rent
05 Mar 2026
  • 05 Feb 2026
    Listed for Rent $600 / week
  • 01 May 2024
    Listed for Rent $595 / week
  • 04 Apr 2023
    Listed for Rent $600 / week
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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 15,938 properties. Over the last 5 years, Houses in Carlton have seen a -12.67% decrease in median value, while Units have seen a -15.94% decrease. As at 31 May 2026:

  • The median value for Houses in Carlton is $1,468,327 while the median value for Units is $342,973.
  • Houses have a median rent of $895 while Units have a median rent of $560.
There are currently 56 properties listed for sale, and 60 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 645 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.