Back 3802/488 Swanston Street
Off Market

3802/488 Swanston Street

Carlton VIC 3053

1
1
0 m²
Apartment
Last sold for $230,000
Annamaria StellaAnnamaria Stella, last sold this property on 27 February 2026 after -83 days on market.

Overview

Ultimate Convenience in the Heart of Melbourne’s University & Lifestyle Precinct

Perfectly positioned within the sought-after “Arrow on Swanston” complex, Apartment 3802/488 Swanston Street presents an exceptional opportunity to secure a low-maintenance city residence or high-performing investment in one of Melbourne's most connected locations. Set high above the vibrant streetscape below, this well-appointed one-bedroom apartment offers comfortable and convenient inner-city living, ideal for owner-occupiers, students, professionals, or savvy investors seeking strong rental appeal in a consistently high-demand precinct. Enjoy an unbeatable lifestyle with trams at your doorstep and easy walking access to RMIT University, The University of Melbourne, Queen Victoria Market, Melbourne Central, Carlton Gardens, Lygon Street dining, cafés, retail shopping, and the Melbourne CBD itself. The location continues to attract strong tenant demand thanks to its unrivalled convenience and connectivity. The apartment itself comprises a functional and efficient floorplan featuring a light-filled bedroom, well-equipped kitchen, open-plan living and dining zone, central bathroom, and secure building access. Residents also enjoy access to superb on-site facilities including a swimming pool, gymnasium, sauna, communal laundry, café amenities, and secure intercom entry, delivering a true lock-and-leave lifestyle. Whether you are looking to enter the Melbourne property market, expand your investment portfolio, or secure an affordable city base in an iconic university precinct, this is an opportunity not to be missed.

Features

1 bedroom
1 bathroom
0 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Carlton over the last 12 months, the estimated median property value of 3802/488 Swanston Street is $246k.

Median value
$246k
Estimated value range
$130k - $745k
Median days on market
42
Estimated value trend
-16%
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 3802/488 Swanston Street

2026
Sold
$230,000
27 Feb 2026 by Annamaria Stella, of Twig Real Estate
2025
Rented
Undisclosed
Leased on 21 Dec 2025 by RT Edgar

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 apartments in Carlton

In the last 12 months, 147 one-bedroom apartments similar to 3802/488 Swanston Street, have been sold.

This represents a 2% increase in one-bedroom apartments sales when compared to the previous 12 months.

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