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504/555 Swanston Street, Carlton$514,500
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For Saleapartment

504/555 Swanston Street

Carlton, VIC 3053, Australia
$490,000 – $539,000
2 bed 2 bath 1 car

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About this property

Ideally positioned within the highly sought-after Swanston Square development, this contemporary two-bedroom apartment presents an exceptional opportunity for owner-occupiers and investors seeking modern comfort, everyday convenience and outstanding investment appeal. Designed for effortless, low-maintenance living, the intelligently planned layout maximises space, natural light and everyday functionality. The open-plan living and dining area flows seamlessly to a private balcony, creating an inviting setting to relax or entertain. A well-appointed kitchen is equipped with quality appliances and ample storage, complementing the generous living zone, while both spacious bedrooms feature built-in robes and are serviced by a stylish central bathroom, delivering comfort and practicality for modern city living. Residents enjoy access to an impressive selection of premium resident facilities, further enhancing the lifestyle appeal of this highly regarded development. Combined with its functional floorplan, quality finishes and sought-after location, the apartment offers broad appeal for both owner-occupiers and astute investors. Perfectly positioned on the doorstep of the University of Melbourne, RMIT University, Melbourne Central, Queen Victoria Market and the vibrant dining scene of Lygon Street, the apartment also benefits from immediate access to the Free Tram Zone and Melbourne's extensive public transport network. The property delivers an attractive approximate 9% gross rental yield, providing immediate rental income and exceptional investment performance. Coupled with consistently strong tenant demand and one of Carlton's most tightly held locations, this is an outstanding opportunity to secure a quality residence with excellent long-term growth potential and enduring lifestyle appeal. Please note: furniture in some images has been virtually staged for illustrative purposes only.

Property Details

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

Repayment calculator

$2,494/month
$1,247 /fortnight
Loan $411,600 at 6.10% over 30 years

Upfront costs

Deposit$102,900
Stamp duty$25,940
Conveyancing (est.)$2,000
Total upfront$130,840
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 2% below the $525,000 median of 74 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

  • Parkville (train)659 m away
  • Lygon Hairdresser1.1 km away
  • Argyle Square422 m away
  • Unnamed653 m away
  • Unnamed810 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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Full Carlton market

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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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