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High Yield Carlton Investment with 11% Return For Sale
High Yield Carlton Investment with 11% Return High Yield Carlton Investment with 11% Return

411/127 Leicester St, Carlton, VIC, 3053

High Yield Carlton Investment with 11% Return

Apartment
Type
1
Bedrooms
1
Bathrooms
1
Parkings

Published on Wednesday, March 18, 2026 ( See property details for 411/127 Leicester St, Carlton, VIC, 3053)

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

A modern, fully furnished one-bedroom apartment in Melbourne's university precinct offering strong rental returns and low-maintenance city living.

🏡 Property Highlights

  • Prime location just 100 metres from the University of Melbourne
  • High rental yield of approximately 11.6%
  • Fully furnished with modern appliances for immediate occupancy
  • Low holding costs including owners corporation fees and council rates
  • Excellent amenities including secure video entry and communal spaces
  • Versatile lease options suitable for students, professionals, or investors

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Internal Laundry
  • Ceiling Fans
  • Waterfront / Views
  • Pet-Friendly

Carlton is a vibrant inner-city suburb renowned for its academic institutions, diverse dining options, and cultural attractions. Key features include proximity to the University of Melbourne, Queen Victoria Market, and Melbourne Museum. The area offers excellent public transport links, a lively atmosphere, and a strong rental demand, making it ideal for investors and city professionals alike.

What is the current rental income and potential yield of this apartment?
The property is currently leased at $370 per week, with a gross rental yield of approximately 11.6% based on the asking price.
Are there any additional costs or fees associated with owning this apartment?
Yes, owners corporation fees are approximately $2,235.64 per annum, with council rates around $524 and water charges approximately $726 annually.
Is the apartment suitable for both investors and owner-occupiers?
Absolutely, the apartment is ideal for investors seeking strong returns and for owner-occupiers looking for a city-based residence with excellent amenities.
What amenities are available within the building?
Residents enjoy secure video entry, lift access, two communal lounge areas, an outdoor terrace, communal laundry, and bicycle storage.
Can the apartment be leased to students, professionals, or both?
Yes, the property is not student-only accommodation and offers flexibility to lease to students, young professionals, or city-based tenants.
Are there any upcoming or planned developments in the area that could affect the property's value or living environment? What are the specific terms of the lease currently in place, and when is it due for renewal? Are there any restrictions or easements affecting the property or building? Has the property been recently renovated or does it require any repairs? Are there any strata or owners corporation issues, such as special levies or disputes? Is the building compliant with all safety and building regulations? What are the long-term plans for the building or surrounding area that could impact value? Are there any known issues with noise, pests, or neighbours? What is the process for renting or leasing the apartment, and are there any restrictions? Are there any additional costs for parking or amenities not included in the current fees?

411/127 Leicester St, Carlton, VIC, 3053 - More Details

High Yield Carlton Investment with 11% Return

Perfectly positioned in Melbourne's renowned university precinct, this modern studio apartment presents an outstanding opportunity for investors seeking strong returns and low-maintenance inner-city living. Importantly, this is not student-only accommodation, it is a standard residential apartment, providing flexibility to lease to students, young professionals or city-based tenants alike. Located just 100 metres from the University of Melbourne, the apartment is also within easy walking distance of Queen Victoria Market, vibrant cafes, restaurants and public transport, while RMIT, Melbourne's CBD, Carlton Gardens and Melbourne Museum are all just moments away. Inside, this corner apartment offers a light-filled and functional layout featuring an open-plan living and bedroom space, kitchenette and full-size bathroom. The property is being sold fully furnished with a fridge, microwave, bed and television, allowing for immediate occupancy or a seamless continuation of the existing tenancy. For investors, the property is currently leased at $370 per week ($19,240 per annum), representing an attractive gross rental yield of approximately 11%11.6% based on the advertised price range. Holding costs remain exceptionally low, including: Owners Corporation fees: $2,235.64 per annum Council rates: approximately $524 per annum Water authority charges: approximately $726 per annum Residents also enjoy a range of building amenities including secure video entry, lift access, two communal lounge areas, outdoor terrace, communal laundry and bicycle storage, with parking available for rent within the building at reduced resident rates. Whether you're looking for a high-performing investment, a city base, or a conveniently located property for a student or professional, this well-positioned studio offers exceptional value in one of Melbourne's most consistently in-demand rental locations.
Type
Apartment
Bedrooms
1
Bathrooms
1
Parkings
1

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