Secure this affordable investment opportunity in Caulfield North, ideally located close to Monash University's Caulfield campus, public transport, local shops, cafés and Caulfield Park.
Offering a furnished ground-floor studio with its own kitchen and bathroom, this property provides convenient accommodation suited to student living. Residents also enjoy access to communal facilities, including a shared kitchen, laundry, BBQ area and landscaped courtyard with shaded outdoor seating.
HIGH-YIELD INVESTMENT NO COSTLY MANAGEMENT FEES!
Unlike many student accommodation investments managed by operators such as Student Housing Australia (SHA) or UniLodge, this property offers the advantage of no ongoing letting or management fees eating into your rental returns.
NO MANAGEMENT OR LETTING FEES.
LEASE DETAILS
Price: $149,950
Current Rent: $16,164 p.a. / $310 p.w.
Current Gross Return: 10.77%
Current Net Return: 8.32%
Leased to 24 February 2027
RENT INCREASE
February 2027: $17,472 p.a. / $336 p.w.
Gross Return: 11.65%
No future net return is quoted, as owner outgoings may change.
OWNER OUTGOINGS
Council Rates: $443.20 p.a.
Water Rates: $740.20 p.a.
Owners Corporation Administration and Sinking Fund Levies: $2,504.68 p.a. (includes hot water from common boilers)
Total Approximate Outgoings: $3,688.08 p.a.
PROPERTY FEATURES
Furnished ground-floor studio with private kitchen and bathroom
Communal kitchen, laundry, BBQ facilities and landscaped courtyard
Tram stop directly outside and convenient access to Monash University
Close to Caulfield Park, shops, cafés and public transport
CAULFIELD NORTH LOCATION
IIdeally located near Monash University's Caulfield campus, with a tram stop directly outside and easy access to Caulfield Park, local cafés, Hawthorn Road shops, Malvern Station and Malvern Central.
With excellent public transport connections, university proximity and convenient local amenities, this property offers an attractive investment opportunity in Caulfield North.
Please note some images may be generic and not of exact lot
FOR MORE INFORMATION, PLEASE CONTACT:
Annie Strafford
Real Estate Agent
Ph: 0406 322 888
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
DISCLAIMER
The information provided herein, and any further information supplied, is for general information purposes only and is not to be construed as investment, legal or taxation advice. Potential purchasers are encouraged to seek independent professional advice to determine whether this type of investment is suitable for their needs. The information has been provided by the vendor or third parties and has not necessarily been independently verified. Prospective purchasers should conduct their own due diligence, including reviewing the contract of sale, lease, rental arrangements, fees and outgoings. No representation or warranty is made as to the accuracy or completeness of the information, and all interested parties should rely on their own enquiries and assessment.
