FOR SALE
$2,650,000 - $2,900,000

1-4/3 Joyce Street
Carrum VIC 3197

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 761m2
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Rare Investment Opportunity - 4 property title Land Holding

Leveraging its ideal setting on the edge of Carrum Village with four 2-bedroom townhomes, this beachside opportunity is as rare as it is perfect for savvy investors looking to significantly boost their portfolio in a blue-chip cul-de-sac setting.
Each home features an open-concept layout with galley kitchens and a brilliant indoor-outdoor flow, fully equipped with stainless steel cooking appliances and a dishwasher for easy living. Private courtyards each sit separately from the upstairs bedroom wings, served by a central bathroom with a laundry and separate toilet on the lower floor.
With an annual rental return of $96,468, long tenancies with rental increases in place, hard-wearing and practical finishes, and easy-care grounds, it's the ideal low-maintenance investment for those looking at fantastic immediate and long-term returns. A proven performer and a generational opportunity, it sits a short walk from Carrum Village amenities, including ALDI, Carrum Station, Freddie's Kitchen, buses, and Patterson River. Contact Stavros on 0409 708 000 or Ashley on 0417 686 519 to discuss this expectional opportunity today!
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Property Details for 1-4/3 Joyce St, Carrum

1-4/3 Joyce St, Carrum is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 761m2. The place is currently for sale with OBrien Real Estate (Chelsea).

Building Type
BlockOfUnits
Land Size
761m2

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About Carrum 3197

The size of Carrum is approximately 1.6 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Carrum in 2011 was 3,602 people. By 2016 the population was 3,986 showing a population growth of 10.7% in the area during that time. The predominant age group in Carrum is 30-39 years. Households in Carrum are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrum work in a professional occupation. In 2011, 63.2% of the homes in Carrum were owner-occupied compared with 64.3% in 2016.

Carrum has 2,495 properties. Over the last 5 years, Houses in Carrum have seen a 36.52% increase in median value, while Units have seen a 14.85% increase. As at 31 August 2024:

  • The median value for Houses in Carrum is $1,173,291 while the median value for Units is $777,954.
  • Houses have a median rent of $600 while Units have a median rent of $575.
There are currently 16 properties listed for sale, and 3 properties listed for rent in Carrum on OnTheHouse. According to CoreLogic's data, 98 properties were sold in the past 12 months in Carrum.

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Ashley Patane
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Stavros Ambatzidis
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OBrien Real Estate (Chelsea)
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