603/488 Swanston Street

Off Market

603/488 Swanston Street

Carlton VIC 3053

Apartment

Last sold for $295,000

Julie Lam, last sold this property on 08 August 2026 after 17 days on market.

Overview

Superbly Located in the Heart of Carlton

Perfectly positioned in the heart of Carlton, this versatile two-bedroom apartment offers exceptional convenience, with tram stops right at your doorstep. Enjoy an unbeatable lifestyle within walking distance of Melbourne University, RMIT University, Lygon Street's renowned restaurants, cafés and bars, Melbourne Central, Carlton Gardens, Lincoln Square, Argyle Square, and the Queen Victoria Market. Designed with flexibility in mind, the smart floorplan can easily be configured as a three-bedroom apartment, making it an excellent option for owner-occupiers, students, or investors. One of the bedrooms features a study nook and enjoys views over Swanston Street. The light-filled open-plan kitchen, living, and dining area creates a welcoming space for everyday living. Residents of Arrow on Swanston enjoy access to excellent facilities, including a swimming pool, sauna, gymnasium, and secure intercom entry. Whether you're a first home buyer looking to enter the market or an investor seeking a property in a highly sought-after location, this is an opportunity not to be missed. Contact us today to arrange your private inspection.

Features

2 bedrooms

1 bathroom

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Carlton over the last 12 months, the estimated median property value of 603/488 Swanston Street is $515k.

Median value

$515k

Estimated value range

$245k - $2.05m

Median days on market

Estimated value trend

-9%

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 603/488 Swanston Street

2026

Sold

$295,000

Private Sale/Treaty on 08 Aug 2026 by Julie Lam, of Elite Real Estate on Elizabeth

Happy sellers in Carlton

73%

73% 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 39 reviews in Carlton over the last 12 months.

Local market activity for 2 bedroom apartments in Carlton

In the last 12 months, 119 two-bedroom apartments similar to 603/488 Swanston Street, have been sold.

This represents a 28% increase in two-bedroom 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.

Lauren McElroy

at Belle Property Carlton | Melbourne | North Melbourne

(75 reviews)

Get a free market appraisal

Peter Doan

at Bow Residential

4.9

(336 reviews)

Get a free market appraisal

Annamaria Stella

at Twig Real Estate

(402 reviews)

Get a free market appraisal

Gavin Zeitz

at G&H Property Group

4.8

(100 reviews)

Get a free market appraisal

Nearby agents

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

Lauren McElroy

Lauren McElroy is a recommended agent for Carlton. They have 23 local sales and collected 17 local reviews across the last 12 months.

5 (75 reviews)
17 Reviews in Carlton
23 Sales in Carlton

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Peter Doan

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