206/127 Leicester St

Off Market

206/127 Leicester St

Carlton VIC 3053

Studio

Gavin Zeitz, last sold this property on 10 November 2025 after 49 days on market.

Overview

Unit 206 – Location, Lifestyle & Returns Just Steps from Melbourne Uni!

Positioned in the heart of Carlton's thriving student precinct, Unit 206 delivers the ultimate combination of lifestyle and investment security. With Melbourne University, RMIT, Queen Victoria Market, and the CBD all within easy reach, this fully furnished apartment is purpose-built for student living, ensuring strong demand and consistent rental returns. Beyond the unbeatable location, residents benefit from secure video entry, lift access to all floors, and a full suite of communal amenities including study areas, outdoor terraces, laundry facilities, and bike storage. The apartment itself comes fully furnished with everything students need - from a study desk and bed to heating and a modern kitchen - making it a true turn-key investment. With a scheduled rent increase in 2026, investors can look forward to even stronger yields, adding long-term value to this already exceptional opportunity. Key Features: * Purpose-Built for Students: Designed specifically for student living, the building includes secure video entry, security lift access to all floors * Convenience and Comfort: Each apartment is fully furnished with a study desk, single bed, electric heating, TV, and a modern kitchen equipped with gas cooking, microwave, cutlery, and crockery. * Low Running Costs: Rent includes gas and water usage, with discounted electricity provided through a special student rate. * Shared Amenities: Residents benefit from two common rooms, outdoor terraces, communal laundry facilities, and bicycle storage. * Ideal Location: Located in the heart of Carlton, students enjoy easy access to public transport, a convenience store, and all the amenities of Melbourne's bustling city centre. *Rent moving to $380 a week as of Feb 2026 This apartment presents a low-maintenance investment in one of Melbourne's most sought-after student locations. Ideal for investors chasing reliable rental income or parents wanting safe and secure accommodation for their child, it's an opportunity that won't last long. Be quick to enquire!

Features

1 bedroom

1 bathroom

Studio

Estimated Value

Based on this property and similar 1 bedroom studios sold in Carlton over the last 12 months, the estimated median property value of 206/127 Leicester St is $146.75k.

Median value

$146.75k

Estimated value range

$135k - $192.5k

Median days on market

Estimated value trend

-5%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Carlton. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 206/127 Leicester St

2025

Sold

Undisclosed

10 Nov 2025 by Gavin Zeitz, of G&H Property Group

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 1 bedroom studios in Carlton

In the last 12 months, 9 one-bedroom studios similar to 206/127 Leicester St, have been sold.

This represents a 28% decrease in one-bedroom studios sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Carlton for a free market appraisal.

Peter Doan

at Bow Residential

4.9

(331 reviews)

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Lauren McElroy

at Belle Property Carlton | Melbourne | North Melbourne

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F.R. Chee

at CT Real Estate

4.9

(13 reviews)

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Scott McElroy

at Belle Property Carlton | Melbourne | North Melbourne

(89 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Carlton

Peter Doan

Sellers who recommend Peter Doan have praised them for being local expert, clear communication, reliable, responsive, supportive, honest and dedicated