An excellent opportunity to secure a well-positioned student accommodation apartment in the heart of Melbourne, ideally located within close proximity to the city’s major universities, shopping destinations and lifestyle attractions. Currently vacant and ready for its next student occupant, this low-maintenance apartment offers convenient inner-city living in a highly sought-after education precinct.
Thoughtfully designed to maximise comfort and functionality, the apartment features a separate bedroom with built-in robe, private ensuite bathroom and a modern kitchenette complete with electric cooktop, bar fridge and ample storage. The main living and dining area flows seamlessly onto a private balcony, providing additional outdoor space. A dedicated study desk with shelving and storage creates a practical study environment, while reverse-cycle heating and cooling ensures year-round comfort. The secure building also offers lift access.
With an estimated rental return of $395 per week ($1,711.67 per calendar month), the apartment offers an annual rental income of approximately $20,540. This represents an impressive approximate gross rental yield of 12.45% per annum, making it an attractive opportunity for investors seeking strong rental potential.
Perfectly positioned, the apartment places students within easy walking distance of the city’s leading educational institutions and lifestyle attractions. Queen Victoria Market is approximately 260 metres away, while the University of Melbourne and RMIT University are both within convenient walking distance. Melbourne Central Shopping Centre and train station, Flagstaff Gardens and Flagstaff Station are also nearby.
The location offers easy access to the State Library of Victoria, Carlton’s renowned cafés and restaurants, and Melbourne’s vibrant shopping, dining and entertainment precinct. With tram stops nearby and excellent public transport connections, travelling throughout Melbourne and to surrounding university campuses is convenient.
Combining a practical layout, private outdoor space, strong rental potential and an outstanding central location, this apartment presents an excellent opportunity to secure an investment in Melbourne’s established student accommodation market.
If you’re interested in knowing further information or arranging for an inspection please contact our office on 03 9328 2002.
