411/127-133 Leicester Street, Carlton

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.