3 Naughton Place, Carlton VIC 3053

Ground-floor unit in vibrant complex | North-facing living area | Permit parking only | Moments to Carlton Gardens & Lygon Street This ground-floor, one-bedroom unit presents a competitively priced entry into a tightly held, heritage-listed complex in central Carlton. Its north-facing living area and immaculate interior condition are strong functional advantages for an owner-occupier seeking a low-maintenance city-edge lifestyle or an investor targeting the proven rental demand from university and hospital precincts. The unit’s position offers immediate proximity to premier amenities, translating to consistent tenant appeal and a lifestyle of convenience. The primary decision points are the lack of on-site parking, reliance on a permit system, and the broader suburb’s recent price softening for one-bedroom units. These factors cap capital growth in the near term and necessitate a buyer comfortable with asset-type volatility. However, the estimated rental yield is robust against the suburb median, supporting a hold strategy for yield-focused investors. Acquire this property for its positional strength and liveability, not for short-term appreciation, and hold it to leverage its reliable income stream within a high-amenity location. Recent comparable sales data is limited but instructive. The property last sold approximately 13 years ago for $292,000. While direct comparisons are scarce, this historical price anchors the current guide and suggests the market for well-located one-bedroom units in the precinct has seen moderate growth over a long period, absent the recent downturn. This context supports the current pricing as reflective of a corrected, more sustainable market level.