208/131 Pelham Street Carlton VIC 3053

Student housing | 250m Melbourne Uni | Off-market studio | Restricted tenant pool This property sits inside a purpose-built student housing complex, giving it a rare and defensible demand base. Its location within walking distance of Melbourne University and RMIT ensures consistent rental demand from a captive tenant pool, which supports income stability. The fully furnished format and inclusion of gas in rent reduce tenant friction, while the building’s security and lift access add to appeal for international students. For a buyer seeking a low-touch, high-yield investment tied to institutional education demand, this unit offers a clear positional edge over generic inner-city apartments. The primary risk is the tenancy restriction to full-time tertiary students, which limits exit flexibility and may reduce resale buyer pool. Hot water charged separately and communal laundry add minor operational friction. Off-market status means pricing is opaque, and the wide estimate spread signals illiquidity. However, for a buyer who can secure at the lower end of the range, the yield potential is strong. Hold this unit as a long-term rental tied to the student corridor, and avoid overpaying by benchmarking against recent nearby sales.