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402/518 Swanston street, Melbourne, Vic 3000

$335,000-$355,000

Apartment

Type

Bedrooms

Bathrooms

Last updated on Tuesday, October 06, 2026 ( See property details for 402/518 Swanston street, Melbourne, Vic 3000)

$335,000-$355,000

View the agent price guide.

Rita Tan Director

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Gerry Wang Director

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, low-maintenance one-bedroom apartment in the heart of Carlton, offering excellent rental income and prime city-fringe convenience.

🏡 Property Highlights

Prime Carlton location close to major universities and Melbourne CBD
Currently leased at $2,456 per calendar month until February 2027
Modern one-bedroom apartment with open-plan living
Excellent public transport access and walkability
Low-maintenance city-fringe investment opportunity
Proximity to Queen Victoria Market, cafés, and restaurants

✨ Key Features

Bedroom
Bathroom
Open-Plan Living
Functional Kitchen
Built-in Robes
Secure Parking
Waterfront / Views
NBN / High-Speed Ready
Floorboards
Ensuite

Suburb and Property Insights of Melbourne, VIC 3000

Carlton is a vibrant inner-city suburb renowned for its cultural diversity, excellent educational institutions, and lively dining scene. It offers superb walkability, easy access to public transport, and proximity to Melbourne’s major attractions, making it a highly sought-after location for residents and investors alike.

Frequently Asked Questions

What are the key features of this apartment?

This apartment features one bedroom, one bathroom, an open-plan living and dining area, a functional kitchen, and modern finishes, making it ideal for investors or residents seeking a low-maintenance city lifestyle.

Is the property currently leased, and what is the rental income?

Yes, the property is leased at $2,456 per calendar month until February 2027, providing immediate rental income from settlement.

What amenities and services are nearby?

The apartment is within walking distance to RMIT University, University of Melbourne, Queen Victoria Market, Melbourne CBD, and is well-served by trams, cafés, restaurants, and shopping precincts.

What makes this property a good investment?

Its prime location in Carlton, strong rental income, low-maintenance design, and excellent public transport access make it a highly attractive investment opportunity.

What is the condition of the apartment?

The apartment is well-presented with modern finishes, open-plan layout, and is maintained to a high standard, suitable for immediate occupancy or leasing.

What to ask about this property to agent?

Are there any upcoming planned developments or zoning changes in the area that could affect the property's value? Are there any strata or body corporate fees associated with this apartment? Is the lease secured until February 2027, and are there any conditions or restrictions? Are there any known issues or defects with the apartment or building? What are the annual council rates and strata fees, and are there any additional costs? Is the property compliant with all building and safety regulations? Are there any easements, covenants, or restrictions affecting the property? What is the history of the property's maintenance and any recent renovations? Are there any planned infrastructure projects or construction nearby that could impact living conditions? What are the terms of the current lease, and is there potential for rent increases after February 2027?

402/518 Swanston street, Melbourne, Vic 3000 - More Details

$335,000-$355,000

Prime Carlton Investment – Modern 1 Bedroom Apartment

Perfectly positioned in the heart of Carlton, this well-presented one-bedroom apartment offers an outstanding opportunity for investors seeking a low-maintenance property in a highly convenient city-fringe location.

The apartment features a spacious bedroom, modern bathroom, functional kitchen and open-plan living area, with easy access to everything Carlton and Melbourne CBD have to offer.

Currently leased at $2,456 per calendar month until February 2027, providing immediate rental income from settlement.

Ideally located within walking distance of RMIT University, University of Melbourne, Queen Victoria Market and Melbourne CBD, with trams, cafés, restaurants and shopping just moments away.

Features include:

One bedroom and one bathroom
Open-plan living and dining
Functional kitchen
Currently returning $2,456 pcm
Lease secured until February 2027
Walking distance to major universities
Moments from Queen Victoria Market and Melbourne CBD
Excellent public transport access

A smart inner-city investment in one of Melbourne’s most convenient and consistently sought-after locations.

Type: Apartment
Bedrooms: 1
Bathrooms: 1

Price guide

View Statement Of Information

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Map & nearby places — 402/518 Swanston street, Melbourne, Vic 3000

Explore 402/518 Swanston street, Melbourne, Vic 3000 in 3D

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Photorealistic 3D aerial & street-level flyover
Nearby schools, parks, shopping, transport, health & dining
Walking & driving routes with travel time from the front door
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402/518 Swanston street, Melbourne, Vic 3000

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