511/24 Barkly Place, Carlton VIC 3053

Laneway studio near uni | student-only lease | rooftop deck | fully furnished This property is a rare student-only studio in a prime Carlton laneway building, steps from Melbourne University and RMIT. Its competitive strength lies in the enforced student occupancy, which ensures a consistent tenant pool and eliminates family or investor competition for the same space. The fully furnished format, split-system air conditioning, and rooftop deck with city views directly appeal to the target renter, making it a turnkey proposition for a buyer seeking a low-management, high-yield student investment. The student-only restriction is both the primary risk and the defining opportunity—it limits resale to a narrow buyer pool but guarantees rental demand in a precinct with chronic undersupply. No heritage or flood overlays simplify due diligence, though the building’s age and strata fees on a studio should be verified against the 9.5% gross yield estimate. For a buyer comfortable with a niche tenant profile and a long-term hold near campus, this unit offers a defensible cash flow position with limited downside.