1417/570 Lygon Street, Carlton VIC 3053

1 bed, 40m², leased to 2027 | UniLodge managed | Carlton, walking distance to Melbourne Uni | stable low-entry price point The buying case here is driven by secure, hands-off income rather than capital growth potential. The lease to February 2027 under UniLodge management removes vacancy risk and landlord duties for a buyer seeking a predictable, low-yield holding. The sub-$225,000 entry point is rare within 2km of the CBD and Melbourne University, making this a functional addition for a conservative investor or a parent buying for a student child. The 2000s build and strata lot on Lygon Street provide reasonable depreciation allowances and a location that consistently attracts tenant demand. The primary risk is the fixed rental income of $1,706 per month until 2027, which may lag behind market rate increases in a rising rental environment. The 40m² floorplan and studio-like layout limits appeal to owner-occupiers and caps resale competition. There is no rental yield data to confirm net returns after body corporate fees. The opportunity is to hold through the lease term, then reassess repositioning or sale when vacancy is regained. Use this property as a low-maintenance cashflow placeholder, not a growth play.