411/127 Leicester St

Off Market

411/127 Leicester St

Carlton VIC 3053

Apartment

Last sold for $169,000

Stasi Adgemis, last sold this property on 26 March 2026 after 8 days on market.

Overview

High Yield Carlton Investment with 11% Return

Perfectly positioned in Melbourne's renowned university precinct, this modern studio apartment presents an outstanding opportunity for investors seeking strong returns and low-maintenance inner-city living. Importantly, this is not student-only accommodation, it is a standard residential apartment, providing flexibility to lease to students, young professionals or city-based tenants alike. Located just 100 metres from the University of Melbourne, the apartment is also within easy walking distance of Queen Victoria Market, vibrant cafes, restaurants and public transport, while RMIT, Melbourne's CBD, Carlton Gardens and Melbourne Museum are all just moments away. Inside, this corner apartment offers a light-filled and functional layout featuring an open-plan living and bedroom space, kitchenette and full-size bathroom. The property is being sold fully furnished with a fridge, microwave, bed and television, allowing for immediate occupancy or a seamless continuation of the existing tenancy. For investors, the property is currently leased at $370 per week ($19,240 per annum), representing an attractive gross rental yield of approximately 11%11.6% based on the advertised price range. Holding costs remain exceptionally low, including: Owners Corporation fees: $2,235.64 per annum Council rates: approximately $524 per annum Water authority charges: approximately $726 per annum Residents also enjoy a range of building amenities including secure video entry, lift access, two communal lounge areas, outdoor terrace, communal laundry and bicycle storage, with parking available for rent within the building at reduced resident rates. Whether you're looking for a high-performing investment, a city base, or a conveniently located property for a student or professional, this well-positioned studio offers exceptional value in one of Melbourne's most consistently in-demand rental locations.

Features

1 bathroom

Apartment

Estimated Value

Based on this property and similar apartments sold in Carlton over the last 12 months, the estimated median property value of 411/127 Leicester St is $162.5k.

Median value

$162.5k

Estimated value range

$140k - $270k

Median days on market

Estimated value trend

-33%

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 411/127 Leicester St

2026

Sold

$169,000

Private Sale/Treaty on 26 Mar 2026 by Stasi Adgemis, of Woodards Manningham

2022

Sold

Undisclosed

14 Nov 2022 by Zeno Kobica, of Viva Property

2020

Sold

Undisclosed

Private Sale/Treaty on 27 May 2020 by Peter Davies, of Chilli Realty

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 apartments in Carlton

In the last 12 months, 12 apartments similar to 411/127 Leicester St, have been sold.

This represents a 62% decrease in apartments 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

(67 reviews)

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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

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