106/337 Balaclava Road, Caulfield North VIC 3161

2-bedroom apartment in prime school zone | 65% owner-occupied building | FTTP connectivity | Comparable unit sold $617k January 2024 This property sits within a well-established, predominantly owner-occupied building where two-thirds of residents hold long-term tenure, indicating stable management and limited turnover risk. The unit offers a rare combination of being in the Malvern Primary School catchment and Glen Eira College zone, which directly supports buyer demand and resale velocity. The January 2024 sale of a comparable unit at $617,000 provides a strong recent benchmark, suggesting the current listing range sits below that cleared price. For a buyer seeking a low-maintenance entry into a sought-after school catchment with proven capital resilience, this represents a measured opportunity. The primary risk is the apartment’s position in a 16-property block, where future special levy decisions rest with a body corporate that may not align with owner-occupier priorities. The 35% rental component introduces some turnover variability, though not unusual for the area. The opportunity lies in the 78% auction clearance rate for Caulfield North two-bedroom units, which supports a disciplined bidding strategy. Hold this property as a long-term base for school access or as a stable rental yielding approximately $39,000 annually, with capital growth tied to the enduring school catchment premium.