FOR SALE
$265,000

3/20 Payne Street
Caulfield North VIC 3161

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Investors: Over 7.5% Gross Yield!

**Please note that this property is in a lease agreement, expiring December 2025. It is returning $385 per week ($20,075 per annum).**
Experience modern living in this light-filled one-bedroom, one-bathroom apartment, ideally positioned just minutes from Monash University's Caulfield Campus.
Featuring a bright open living area with floorboards throughout, this apartment offers a welcoming space. The well-sized bedroom includes built-in robes and is conveniently located next to the bathroom for easy access.
The functional kitchenette provides ample storage and an upright oven, perfect for your culinary needs. Additional perks include the added convenience of a communal laundry located at the rear of the building, off-street carport parking for one vehicle, an electric heating unit, and an unbeatable location.
Less than 400m from Caulfield Racecourse, surrounded by local parks, Caulfield Village, and excellent public transport options, this apartment is the ideal home for those seeking a convenient and vibrant lifestyle.
Please note that these images have been digitally furnished for marketing purposes. Whilst we have done our best to provide an accurate representation of the property and its condition, any decisions to buy should be based on a physical inspection as opposed to the marketing material.
Please Note: Ray White Bentleigh/Carnegie kindly requests attendees to present Photo ID prior to property entry and inspection.
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Property Details for 3/20 Payne St, Caulfield North

3/20 Payne St, Caulfield North is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Ray White Carnegie.

Building Type
Apartment

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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 10,520 properties. Over the last 5 years, Houses in Caulfield North have seen a 4.89% increase in median value, while Units have seen a 0.06% increase. As at 30 November 2024:

  • The median value for Houses in Caulfield North is $2,355,293 while the median value for Units is $649,595.
  • Houses have a median rent of $798 while Units have a median rent of $580.
There are currently 30 properties listed for sale, and 18 properties listed for rent in Caulfield north on OnTheHouse. According to CoreLogic's data, 411 properties were sold in the past 12 months in Caulfield north.

Suburb Insights for Caulfield North 3161

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Andrew Pricop
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Braedan Sells
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Ray White Carnegie
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.