470/800 Swanston Street

Off Market

470/800 Swanston Street

Carlton VIC 3053

32 m²

Apartment

Eric Cheung, last sold this property on 24 March 2026 after 28 days on market.

Overview

Fantastic Investment Opportunity - 12.7% Gross Rental Yield*

Positioned in the tightly held College Square complex, directly opposite The University of Melbourne, with an attractive investment return profile (* approx. 12.7% gross rental yield at $170,000). - Smart twin-share design (approx. 32sqm) with clearly defined living and study zones. - Fully furnished with practical interiors suited to student living. - Secure environment with 24-hour security and onsite management to support consistent demand. - Well-appointed kitchen with gas cooking and ample storage. - Excellent resident amenity: gymnasium, lap pool and communal recreation spaces. - Unbeatable connectivity with trams at the door and the CBD within minutes; close to Lygon Street and Queen Victoria Market. - Walking distance to both Melbourne University and RMIT. Rental Estimate Approx. $1804 per calendar month Outgoings Body Corporate - $6,600 approx. per year Council Rates - $565 approx. per year Water Rates - $740 approx. per year Property Size Total size - approx. 34 m2 Secure an investment in Melbourne’s best-performing education precinct with this fully furnished apartment in College Square at 800 Swanston Street. Purpose-built for student living, the building’s location—directly opposite Melbourne University and close to RMIT University — which supports reliable, ongoing tenant demand year after year. A major advantage of College Square is the building’s managed environment—ideal for investors seeking convenience. The complex includes a secure 24-hour managed lobby, and residents enjoy access to lifestyle facilities such as a gym and heated outdoor pool, contributing to strong tenant appeal and low vacancy risk. Step outside to trams along Swanston Street, and enjoy easy access to Carlton’s café culture, the CBD, and key landmarks including Queen Victoria Market. This is an attractive “set-and-forget” style investment in a location where student demand remains deep and consistent.

Features

1 bedroom

1 bathroom

32 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 470/800 Swanston Street is $248k.

Median value

$248k

Estimated value range

$130k - $745k

Median days on market

Estimated value trend

-15%

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 470/800 Swanston Street

2026

Sold

Undisclosed

24 Mar 2026 by Eric Cheung, of Raeon International

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, 146 one-bedroom apartments similar to 470/800 Swanston Street, have been sold.

This represents a 4% increase in one-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

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