806/488 Swanston StreetCarlton VIC 3053
Property Details for 806/488 Swanston St, Carlton
806/488 Swanston St, Carlton is a 2 bedroom, 1 bathroom Unit and was built in 2002. The property has a land size of 2783m2 and floor size of 33m2. While the property is not currently for sale or for rent, it was last sold in April 2025.
Last Listing description (April 2026)
An exciting opportunity for both first-time buyers and seasoned investors, this 3-bedroom apartment is the perfect addition to your property portfolio. Brilliantly positioned at the edge of the CBD, it offers unparalleled access to a vibrant city lifestyle and is just a short walk to Melbourne University and RMIT. With a host of exceptional amenities at your doorstep, including a wide variety of cafes, restaurants, bars, Melbourne Central, Emporium, and QV shopping centres, as well as the fresh produce at Queen Victoria Market, this location is hard to beat. Plus, with every mode of transport within reach, convenience is key.
Situated in the popular 'Arrow on Swanston' complex, this fully furnished apartment comes complete with a kitchen featuring an electric cooktop, microwave, fridge, and washing machine. Each of the 3 bedrooms comes with windows and furniture as shown in the photos, all sharing a neat and tidy central bathroom. The building boasts secure intercom entry, private lift access, building manager, reception, 24-hour concierge services, a caf downstairs, plus fantastic amenities including heated pool, fully equipped gymnasium, and sauna.
For investors seeking a strong return, this property offers an incredible opportunity with a rental return of approximately 10%. The prime location, combined with its proximity to two major universities, ensures steady demand from students and faculty, providing a reliable and consistent rental income stream.
This is an unbeatable chance to secure a property in a highly sought-after location with promising financial rewards. Dont miss out on this remarkable investment opportunity!
Property History for 806/488 Swanston St, Carlton, VIC 3053
- 01 Apr 2025Sold for $290,000
- 24 Mar 2025Listed for Sale $280,000 - $300,000
- 10 Oct 2024Listed for Rent $550 / week
Recent sales nearby
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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 16,056 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:
- The median value for Houses in Carlton is $1,453,978 while the median value for Units is $341,114.
- Houses have a median rent of $883 while Units have a median rent of $570.
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