581/488 Swanston Street, Carlton, VIC 3053 | Property Value & History | OnTheHouse
OFF MARKET

581/488 Swanston Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 23m2
Land area: 2783m2
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Property Details for 581/488 Swanston St, Carlton

581/488 Swanston St, Carlton is a 1 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 23m2. While the property is not currently for sale or for rent, it was last sold in January 2024.

Building Type
Unit
Year Built
2002
Floor Size
23m2
Land Size
2783m2
Local Government
Melbourne
Lot/Plan
581/PS419697

Last Listing description (May 2024)

**THIS PROPERTY NOT ONLY OBTAINED A TOP PRICE, BUT WAS SOLD USING OUR NO SALE, NO CHARGE OFFER. TO FIND OUT MORE, PLEASE CONTACT PETER DOAN ON 0400 423 218**

An exceptional investment opportunity exists within the 'Arrow on Swanston' complex with a cosy 1 bedroom apartment situated ideally on the 5th floor. Move straight in or invest now and pocket the savings with this super-affordable apartment offering the promise of high returns, low maintenance and a superbly central address. Additionally, this property is also sure to appeal to busy professionals and those on the lookout for a lock-up-and-leave city-based pad.

An ideal option for those keen to experience the best in Carlton living, this 5th floor residence is serviced by an ample-sized and bright living area with meals, kitchen serviced by stainless steel appliances including a induction cooktop. the bedroom with a study nook and views of the balcony, contemporary bathroom, reverse cycle heating and cooling, and secure intercom. Residents of the complex will have access to a building manager, heated pool, sauna and gym,

Situated at the very cusp of the CBD within walking distance to Melbourne Uni, RMIT, Carlton Gardens, the home is indulged with every amenity at its doorstep, including an endless array of effervescent eateries, bars, and cafes on Lygon Street, all the vitality of the CBD - Melbourne Central, Emporium, and QV shopping centres, the tantalising fresh food at Queen Vic market, plus every mode of transport.

This rare gem will not last long, please call Peter Doan on 0400 423 218 for inspection details

Property History for 581/488 Swanston St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$190,000
23 Jan 2024
Listed for Rent
24 May 2019
  • 23 Jan 2024
    Sold for $190,000
  • 14 Dec 2023
    Listed for Sale $188,000 - $198,000
  • 27 Apr 2020
    Sold for $162,500
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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 16,057 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 69 properties listed for sale, and 69 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 640 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.