Back 204/123 Pelham Street
Active

204/123 Pelham Street

Carlton VIC 3053

2
1
Apartment
Currently for sale - view listing

Overview

Coveted Carlton Gem | North Facing | High Yield Apartment

Contemporary living moments from everything! Positioned within a highly sought after Carlton address - this light filled north facing apartment delivers an exceptional inner-city lifestyle defined by space, low maintenance living and effortless connectivity. Leased at $690 per week, providing a strong gross rental yield of approximately 8.0% Timber flooring flows through the open plan living and dining area, where the true north facing orientation draws in sunlight throughout the day and creates a warm, inviting atmosphere. The living zone extends to a private balcony, offering an easy space to relax or entertain with a pleasant outlook. The kitchen is sleek and practical, appointed with stone finishes and quality appliances, while two well proportioned bedrooms provide comfortable accommodation with excellent natural light. Including a main bedroom that enjoys access to the balcony. A central bathroom features floor to ceiling tiling and incorporates a European laundry, enhancing everyday functionality without compromising space. Residents also enjoy access to a rooftop terrace with panoramic city views, BBQ facilities and landscaped entertaining areas, adding a valuable lifestyle advantage rarely found in apartment living. Perfectly positioned between Lincoln Square and Argyle Square, and within easy walking distance of Melbourne University, RMIT, the hospital precinct, Lygon Street, Queen Victoria Market and the CBD, this is a location that places the best of Carlton at your doorstep. Trams, cafés, parklands and major institutions are all close by, making it an ideal opportunity for both owner occupiers and investors. Currently leased at $690 per week until 23 December 2026, the property offers immediate secure income alongside future flexibility. Don't miss this rare gem at rock bottom pricing in coveted Carlton - act now! For inspection and enquiries please contact 0401 622 209

Features

2 bedrooms
1 bathroom
Apartment

Property history for 204/123 Pelham Street

2021
Rented
Undisclosed
Leased on 18 Mar 2021 by Certainty Property NSW
2020
Rented
Undisclosed
Leased on 14 May 2020 by Certainty Property NSW

Happy sellers in Carlton

77%
77% of sellers in Carlton reported that their sale price either exceeded or met their price expectations.

Carlton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 42 reviews in Carlton over the last 12 months.

Local market activity for 2 bedroom apartments in Carlton

In the last 12 months, 134 two-bedroom apartments similar to 204/123 Pelham Street, have been sold.

This represents a 23% increase in two-bedroom apartments sales when compared to the previous 12 months.

© 2026 RateMyAgent