702/488 Swanston Street, Carlton, VIC 3053 sold on 03 May 2025 | OnTheHouse
SOLD
Sold on 03 May 2025 for $280,000

702/488 Swanston Street
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 2783m2
Sold By
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Precinct Estate Agents
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Property Details for 702/488 Swanston St, Carlton

702/488 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 61m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 1 bedroom Unit sold in Carlton in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
61m2
Land Size
2783m2
Local Government
Melbourne
Lot/Plan
702/PS419697

Last Listing description (May 2025)

Situated in the heart of Carlton, this stunning two-bedroom apartment offers an outstanding opportunity for both investors and owner-occupiers alike. With a fantastic returnof approx 8 % - 9 % gross on investment and a superb blend of modern features, this property provides a rare combination of comfort, style, and convenience.

Key Features:


Two Spacious Bedrooms: Both bedrooms are well-sized and come with built-in wardrobes, providing ample storage space.

Fully Furnished: Move in or rent out with ease, as the apartment comes fully furnished with high-quality furniture.

Comfort All Year Round: Enjoy year-round comfort with a split system air conditioner, keeping you cool in summer and cozy in winter.

Private Balcony with Beautiful Views: Step outside and unwind on your private balcony, offering a relaxing view of the stylish courtyard-perfect for enjoying a morning coffee or evening drinks.

Impressive 9% Return: This apartment offers an exceptional return of 9%, making it a fantastic investment opportunity in the highly sought-after Carlton area.

Resort-Style Amenities: Take full advantage of the building's amenities, including a swimming pool, gym, sauna, and concierge services, providing luxury and convenience at your doorstep.

Prime Location: Positioned in the vibrant heart of Carlton, you're just moments away from cafes, restaurants, shopping, public transport at your door, and prestigious universities.

Whether you're looking for a top-tier investment or a stylish apartment in a prime location, 702/488 Swanston Street has everything you need. With its fantastic return potential and access to world-class amenities, this property won't last long!

Contact us today to secure your inspection of this remarkable opportunity!

Property History for 702/488 Swanston St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$280,000
03 May 2025
Listed for Rent
$450/w
31 Jul 2023
  • 03 May 2025
    Sold for $280,000
  • 27 Mar 2025
    Listed for Sale $280,000 - $295,000
  • 21 Jun 2023
    Listed for Rent $450 / 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 57 properties listed for sale, and 82 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 646 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.