Home/Properties/Carlton/112/124 Palmerston Street
112/124 Palmerston Street, Carlton$574,500
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For Saleapartment

112/124 Palmerston Street

Carlton, VIC 3053, Australia
$550,000 – $599,000
2 bed 1 bath

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About this property

Clever two-storey retreat in the heart of Carlton Offering an intelligent dual-living layout across two levels, this well-appointed apartment combines comfortable everyday living with a position that puts some of Melbourne's most vibrant urban amenities at your doorstep. Whether you're an astute investor, a first home buyer, or simply seeking a low-maintenance Carlton address, this property delivers genuine versatility and liveability in equal measure. The ground floor provides two carpeted bedrooms, each fitted with built-in robes and ceiling fans, serviced by a stylishly appointed bathroom featuring a semi-frameless walk-in shower, single vanity with storage, tiled flooring, and a conveniently integrated laundry. A separate lounge on this level creates a welcome second living zone. Upstairs, the home opens into a bright open plan living, dining, and kitchen space. The kitchen is well-equipped with stone benchtops, a subway tiled splashback, soft-closing cabinetry, a built-in pantry and fitted with premium Bosch appliances including a gas cooktop, electric oven and dishwasher. A split system keeps the upper level comfortable year-round, while a generous balcony extends the living space outdoors with open treetop and suburb views. Situated within the Carlton Primary School zone and close to University High School, the property is also moments from the University of Melbourne. Lygon Street's celebrated café and dining strip is right at hand, while multiple tram routes offer easy connections across the inner city. Melbourne Central Station is readily accessible, and the Queen Victoria Market is within easy reach, making daily essentials and weekend leisure equally convenient. We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Listed
1 week ago

Repayment calculator

$2,785/month
$1,393 /fortnight
Loan $459,600 at 6.10% over 30 years

Upfront costs

Deposit$114,900
Stamp duty$29,540
Conveyancing (est.)$2,000
Total upfront$146,440
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Carlton

This 2-bedroom apartment in Carlton, VIC 3053 sits within reach of public transport, local shops and nearby schools. It is listed 52% below the $1.20m median of 49 comparable apartmentswithin 5 km.

Schools near Carlton

  • Carlton Gardens Primary Schoolprimary · Prep-6 · CoEd
  • Carlton Primary Schoolprimary · Prep-6 · CoEd
  • Saints College - BlendED Campusspecial

What's nearby

  • Pitt Street/Rathdowne Street (bus)33 m away
  • Carlton Barbers15 m away
  • Neill Street Reserve147 m away
  • Unnamed160 m away
  • Unnamed183 m away

Carlton at a glance

Full suburb profile
Population
16,055
Median age
27
Household income
$1,292/wk
Median rent
$365/wk
Median mortgage
$1,898/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Carlton price trend

Median sold · Unit 2 bed

Compound growth -2.1% / yr over 4 yrs

$548kcurrent median

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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Within 5km

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