701/488 Swanston St, Carlton is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 1 bedroom Unit sold in Carlton in the last 12 months.
Positioned on the 7th floor of the well-known Arrow on Swanston complex on Swanston Street, this fully furnished apartment offers low-maintenance living on the edge of the CBD in vibrant Carlton.
The apartment features a functional open-plan living and dining area, creating a comfortable space to relax or study, complemented by a practical kitchen with storage space and everyday appliances. Large windows allow for good natural light while framing a pleasant urban outlook.
The bedroom is well-proportioned with built-in storage and is serviced by a neat central bathroom. Offered fully furnished, the apartment includes essential furniture and appliances, making it ideal for students or professionals seeking a convenient, move-in ready home.
The apartment also features a versatile second room, ideal as a large study or flexible space that can be adapted to suit your needs, whether for working from home or additional storage.
Living at 'Arrow on Swanston' enjoy the perks of a heated swimming pool, gymnasium, sauna and residents lounge.
Ideally located directly opposite the Carlton Gardens, and within walking distance to the University of Melbourne, RMIT, public transport, cafes and the CBD, this apartment delivers exceptional convenience in a highly sought-after location.
*Please enter via the Northern entrance.
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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 15,974 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:
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