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131 Pelham Street
Carlton, VIC 3053

$160,000 - $175,000

Search Band

$160k - $168k Transparent Listing

Apartment 1 bath

Listed Date: 26th May 2026

Overview

10% Grossing Return on Investment

This apartment offers a unique investment opportunity in the heart of Melbourne's vibrant student precinct community. It is a one-bedroom unit that has been generating a gross return of over 10% per annum for the current owners, making it an ideal set-and-forget investment.

The apartment features a well-designed kitchenette, a spacious bedroom, a balcony, and a separate study area. Its location is highly convenient, situated just steps away from University Square, the renowned Lygon Street strip, and other popular amenities on Melbourne's north side.

Investment highlights include a current fixed lease providing a monthly rental income of $1,477, equating to $17,724 annually. The lease is secured until February 20th, 2024, offering stable income for the investor.

This property is well-suited for investors seeking a reliable income stream in a sought-after location close to educational institutions and vibrant local culture. The apartment's layout and features cater to the needs of students or young professionals, enhancing its rental appeal.

Overall, this apartment represents a compelling investment with strong rental returns and a prime location within Melbourne's student community precinct.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.