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Location

Market Insights for Carlton VIC 3053

New Listings (last 30 days)

Average price

$473,967

Lowest price

$200,000

Highest price

$770,000

3805/478 Swanston Street, Carlton VIC 3053

$235,000-$245,000

Search Band

$250k - $300k High Confidence Calculated based on strong search observations.

Apartment 1 bed 1 bath

Listed: 15 days ago

Overview

This fully furnished one-bedroom apartment situated in the vibrant inner-city suburb of Carlton offers an exceptional opportunity for investors and those seeking a convenient, low-maintenance lifestyle. The property is currently leased until December 2027, ensuring a solid gross rental yield of 10.5%, making it an attractive investment with established income and potential for future owner-occupation subject to tenancy conditions.

The apartment's design maximises space and functionality with an open-plan living and dining area that seamlessly connects to a private balcony, ideal for enjoying fresh air and city views. The kitchen features modern amenities such as a tiled splashback and electric cooktop, catering well to everyday culinary needs.

The bedroom provides generous space complemented by a mirrored built-in robe, enhancing storage without compromising roominess. A central bathroom completes the accommodation, providing essential privacy and convenience.

Residents benefit from secure keyless entry and intercom access, supported by an on-call building manager that adds peace of mind. The community lifestyle is elevated by resort-style facilities including a swimming pool, sauna, and fully equipped gym, fostering wellness and leisure within steps of home.

Located moments from prominent educational institutions like the University of Melbourne and RMIT University, alongside the renowned Lygon Street dining precinct, Carlton Gardens, Queen Victoria Market, and Melbourne's CBD with excellent public transport options, this property positions occupants within easy reach of employment, cultural, and recreational hubs. Such connectivity enhances the liveability and potential appeal to a diverse range of buyers, from professionals and students to investors or those seeking a pied-à-terre.

Local Market Insights

In Carlton, Quiet Listings observed 15 new apartments entering the market over the last 30 days, down from 17 during the previous 30-day period, with an average advertised asking price of $473,967. The property type mix of listed properties is predominantly Apartments at 80%, followed by houses (15%), and commercial properties (5%). The most active agency for apartments in the Carlton area is currently Melbournian Property Group, representing 33% of new listings, followed by Belle Property with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.