1/175 Balaclava Road, Caulfield North VIC 3161

Stylish 2016 unit | Heart of Caulfield location | Tram at door | High-spec Ilve kitchen This two-bedroom unit presents a competitively strong proposition due to its high-quality 2016 construction and prime positioning directly on a tram line. The specification, including Ilve appliances and stone finishes, is above standard for the segment and appeals to both owner-occupiers seeking low-maintenance living and investors targeting the Monash University catchment. Its walkable proximity to parkland, schools, and shops underpins sustained rental demand, making it a secure holding. The primary risk is the demonstrated price volatility within the building itself, indicating a sensitive market valuation. The body corporate costs and building management are undisclosed data points that materially impact yield. The opportunity lies in acquiring a well-located, modern unit below replacement cost. This property is best held as a long-term rental; its design quality mitigates depreciation risk against newer stock. Recent sales within the same building provide essential context: – Unit 101/175 (1 bed, 1 bath) sold for $425,000 in September 2024, having been purchased for $450,000 in February 2020. – This two-bedroom unit last sold for $480,000 in 2016, with a conflicting record of $520,000 around the same period. The slight loss on the one-bedroom unit over four years contrasts with the two-bedroom’s estimated mid-point gain, underscoring the premium for the second bedroom and the critical importance of configuration. Your pricing must be anchored to this two-bedroom premium, not the building’s average.