Back 702/127 Leicester St
Off Market

702/127 Leicester St

Carlton VIC 3053

1
Apartment
Peter DaviesPeter Davies, last sold this property on 21 July 2025 after 163 days on market.

Overview

Massive Return of 9% NET*!!

Investors take note! This studio apartment is securely leased until late January 2026, with the tenant paying $396 per week!!!! Located on level seven, on the eastern side of the building overlooking Leicester St, this apartment is fully furnished, self-contained and is a great addition to your portfolio. Anyone can live - there are NO restrictions. Located just a short walk to the Queen Victoria Market, Melbourne University, RMIT, the CBD and the Lygon St shops, café's and restaurants and with public transport close by. Single studio style bedroom with robe Fully furnished with fridge, microwave and TV Rental income locked in at $1,716 pcm Lease expiry date 28 January 2026 Located just minutes from town, Melbourne Uni and RMIT An ideal investment property with HUGE returns Inspections by appointment only

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 702/127 Leicester St is $162.5k.

Median value
$162.5k
Estimated value range
$140k - $270k
Median days on market
57
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 702/127 Leicester St

2025
Sold
Undisclosed
Private Sale/Treaty on 21 Jul 2025 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 702/127 Leicester St, have been sold.

This represents a 62% decrease in apartments sales when compared to the previous 12 months.

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