719/488 Swanston StreetCarlton VIC 3053
Property Details for 719/488 Swanston St, Carlton
719/488 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. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (April 2025)
Welcome to this charming studio apartment nestled in the heart of Melbourne's educational and cultural hub. Located on Swanston Street, just steps away from both Melbourne University and RMIT University, this apartment combines academic accessibility with urban convenience.
Step inside to discover a thoughtfully designed living space, perfect for maximizing comfort and functionality. One of the standout features of this studio is its unbeatable location. Situated just downstairs is a tram station, providing effortless access to Melbourne's vibrant city center and surrounding areas. A variety of shops, boutiques, and convenience stores are just moments away, ensuring your daily essentials are always within reach.
Whether you're a student seeking a convenient space near campus or a professional looking for a well-connected urban haven, this studio captures the essence of Melbourne's dynamic lifestyle. Enjoy the perfect blend of educational opportunities, cultural experiences, and city comforts that this prime location offers.
For investors, this studio represents a golden opportunity with its potential for attractive returns. With a projected yield of 11-13%, it offers not just a sought-after location but also promising financial prospects. The proximity to two major universities guarantees a strong demand for rental accommodations from students and faculty, ensuring a reliable income stream.
Please see the below link for an up-to-date copy of the Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent
Property History for 719/488 Swanston St, Carlton, VIC 3053
- 03 Mar 2025Listed for Sale $170,000 - $180,000
- 11 Jan 2024Listed for Rent $320 / week
- 21 Jun 2022Listed for Rent - Price not available
Recent sales nearby
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0About 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 16,028 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.
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