3/22 Khartoum Street, Caulfield North VIC 3161

3-bed townhouse in Caulfield North | 229sqm land, 152sqm building | small complex of five | long-term owners, stable block | no overlays, strong location This property offers a rare combination of land-to-building ratio and low-density positioning within a tightly held Caulfield North complex. The 229sqm parcel and 152sqm floorplan give it a genuine townhouse feel, not a stacked unit, which is increasingly scarce in this suburb. The absence of bushfire, flood, or heritage overlays removes common friction points for buyers and lenders. With all owners in the complex holding for over a decade, turnover risk is minimal and the building is likely well-maintained by invested residents. It best suits an owner-occupier seeking a long-term home with good school access and stable neighbourhood character, or a buyer wanting a low-maintenance property with land upside in a premium postcode. The main risk is the age of the building,1980 construction may require updates to plumbing, electrical, or roofing within five to ten years, and no recent sales in the complex make precise valuation difficult. The 2.5% decline in Caulfield North median unit prices over the past year suggests softer demand, but this property’s land component and low density buffer it from the broader apartment market weakness. The opportunity lies in buying into a block where no one sells,entry now means joining a cohort of long-term holders, which historically supports capital stability. Hold this property as a primary residence or a low-turnover rental with a 4.45% yield, and let the land scarcity do the work over time