511/127-133 Leicester St, Carlton is a 1 bedroom, 1 bathroom Unit and was built in 2006. The property has a land size of 513m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in July 2020.
Located right in the heart of Carlton just 100m from the University of Melbourne campus, this is an exciting opportunity for any investor wanting an easy-care addition to their portfolio. This studio apartment is already leased until January 2021 on a weekly rental income of $305 making this a set-and-forget investment.
This modern apartment enjoys an enviable corner location ensuring more windows and more natural light that fills the open-plan layout. There is a kitchen, complete with a fridge, gas cooktop and microwave, plus a good-size bathroom with a toilet, shower and vanity.
Previously, this purpose-built building was for students only but it has been recently opened to the wider public, expanding the pool of potential tenants should you ever need to search for a tenant into the future, or live-in as your ideal inner-city pad.
Prospective owners will love the extra light on offer, as well as the building amenities that include a communal area and laundry. There is also storage for bicycles and a cafe on the ground floor for that early-morning coffee fix.
Call now to secure an inspection!
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 16,062 properties. Over the last 5 years, Houses in Carlton have seen a -12.29% decrease in median value, while Units have seen a -13.64% decrease. As at 31 July 2026:
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