305/800 Swanston Street, Carlton VIC 3053

Student-only apartment | Leased to Jan 2027 | Heritage overlay | 2-bed 69sqm | Prime Carlton location This property occupies a strong position within Melbourne’s student accommodation corridor, close to the University of Melbourne and RMIT. The current lease through January 2027 provides immediate income certainty, a rare advantage at this price point. Building amenities like gym and pool support tenant retention while the study area and built-in robes add practical appeal. This unit best suits investors seeking steady student-linked returns or parents buying for a child’s university years. The 69 square metre floorplan is generous for a two-bedroom student unit, offering better space than many comparables. The student-only designation narrows the future buyer pool considerably, which may affect resale timing and price growth. The heritage overlay introduces planning constraints for any external alterations, though day-to-day living is unaffected. Body corporate fees in a 558-property complex can be significant and should be verified. The opportunity lies in the long lease and consistent student demand in Carlton, but buyers must accept the property will not appeal to owner-occupiers or families. Rental yield based on current income appears attractive relative to the price guide, making this a cash-flow focused play rather than a capital growth bet.