FOR SALE
$4,125,000

275 Balaclava Road
Caulfield North VIC 3161

Bedrooms: 16
Bathrooms: 8
Car spaces: 8
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Prime Investment Opportunity in Caulfield North

Welcome to 275 Balaclava Road, Caulfield North, a stellar opportunity for developers and investors to capitalise on a unique and highly sought-after property. This exceptional site, currently generating an impressive rental income and has recently experienced significant growth in rental yield, reflecting the area's increasing demand and value. Spanning approximately 786sqm of land with dual street frontages, the property comprises 8 x 2-bedroom apartments, each featuring spacious layouts and the convenience of off-street parking.
Nestled in a vibrant locale, this prime position offers superb connectivity to public transport, lush parks, prestigious schools, train stations, and a plethora of popular restaurants and cafes. Just a stone's throw from Caulfield Train Station and the renowned Monash Campus, the property presents vast potential for redevelopment (STCA). With options to increase building height and explore underground construction, astute investors have a golden opportunity to leverage the tightening rental market, thereby boosting returns and adding substantial value.
The site falls under the zoning categories of General Residential Zone (GRZ) and General Residential Zone 2 (GRZ2), further enhanced by a Parking Overlay (PO) and Student Housing Parking Overlays (PO2-3).
Caulfield North is a hub of attraction for those seeking an outstanding suburban lifestyle and unparalleled investment opportunities. Located opposite the expansive 60-plus-acre Caulfield Park, residents enjoy easy access to vast outdoor spaces for recreation and relaxation. The suburb is also home to a fine selection of local schools, shops, and convenient public transport options.
Seize this once-in-a-lifetime investment chance in Caulfield North. Reach out to Jonathon Bird today to schedule an inspection and embark on your journey to lucrative property ownership in this prime location. An Information Memorandum is available for your detailed review. Act now to unlock the immense potential at 275 Balaclava Road, Caulfield North's premier investment opportunity, boasting a remarkable and growing rental return.
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Property Details for 275 Balaclava Rd, Caulfield North

275 Balaclava Rd, Caulfield North is a 16 bedroom, 8 bathroom BlockOfUnits with 8 parking spaces. The place is currently for sale with RT Edgar Albert Park.

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BlockOfUnits

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About Caulfield North 3161

The size of Caulfield North is approximately 4.2 square kilometres. It has 4 parks covering nearly 6.9% of total area. The population of Caulfield North in 2011 was 14,553 people. By 2016 the population was 15,262 showing a population growth of 4.9% in the area during that time. The predominant age group in Caulfield North is 20-29 years. Households in Caulfield North are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Caulfield North work in a professional occupation. In 2011, 61.8% of the homes in Caulfield North were owner-occupied compared with 58.8% in 2016.

Caulfield North has 10,443 properties. Over the last 5 years, Houses in Caulfield North have seen a 20.54% increase in median value, while Units have seen a 0.90% increase. As at 31 August 2024:

  • The median value for Houses in Caulfield North is $2,332,319 while the median value for Units is $663,965.
  • Houses have a median rent of $850 while Units have a median rent of $590.
There are currently 29 properties listed for sale, and 15 properties listed for rent in Caulfield north on OnTheHouse. According to CoreLogic's data, 414 properties were sold in the past 12 months in Caulfield north.

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Jonathon Bird
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Gerald Betts
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RT Edgar Albert Park
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