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311/131 Pelham Street

Carlton, VIC 3053, Australia
$155,000
1 bed 1 bath

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Area Price Guide
$145,700$164,300

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🏘️
75
Comparable
📊
$420,000
Area median
⚖️
-63%
vs median
🗓️
1 week ago
Listed

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About this property

Positioned in the heart of Carlton's renowned university precinct, this fully furnished student accommodation apartment presents an outstanding opportunity for investors seeking a secure, low-maintenance asset with immediate rental returns. Located within walking distance of the University of Melbourne, RMIT University, Melbourne CBD, Queen Victoria Market, Carlton Gardens and an array of cafés, restaurants and public transport options, the property continues to enjoy strong tenant demand from local and international students. Currently leased at $400 per week ($1,738 per month) until 28 January 2027, this apartment offers a reliable income stream from day one. Property Features: Fully furnished student accommodation apartment Spacious open-plan bedroom and study area Functional kitchenette with ample storage Private bathroom Built-in wardrobe Dedicated study desk and workspace Secure building with excellent student-focused amenities Prime Carlton location close to major universities and CBD attractions Whether you are expanding your investment portfolio or entering the student accommodation market, this property offers an affordable investment with strong rental appeal in one of Melbourne's most consistently demanded rental locations. Investment Highlights: Rent: $400 per week ($1,738 per month) Fixed lease until 28 January 2027 Strong rental demand from university students Low-maintenance investment Premium inner-city location An excellent opportunity to secure a well-positioned student accommodation investment with immediate income and long-term appeal. Please note: This property is part of a student accommodation complex and is subject to occupancy requirements and building regulations.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $751/month
    $376 /fortnight
    Loan $124,000 at 6.10% over 30 years

    Upfront costs

    Deposit$31,000
    Stamp duty$4,370
    Conveyancing (est.)$2,000
    Total upfront$37,370
    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.

    Property Details

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

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