1-5/21 Wanda Road, Caulfield North, Vic 3161

Block Of Units
Type
12
Bedrooms
6
Bathrooms
5
Parkings
747 m²
Area

Published on Thursday, September 24, 2026 ( See property details for 1-5/21 Wanda Road, Caulfield North, Vic 3161)

$2,500,000 - $2,700,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity comprising a spacious townhouse and four apartments on a large Caulfield North block, offering immediate income and future development potential (STCA).

🏡 Property Highlights

  • Rare opportunity to acquire a substantial block of five residences in Caulfield North
  • Generous 747m² allotment with immediate income potential
  • Impressive two-level townhouse with house-sized proportions and private street frontage
  • Four spacious, well-maintained apartments with scope for renovation
  • Prime location near Caulfield Park, elite schools, and popular shopping and dining precincts
  • Separate living zones including formal lounge, dining, and outdoor alfresco area

✨ Key Features

  • Garage
  • Outdoor Area
  • Built-in Robes
  • Ensuite
  • Open-Plan Living
  • Security Screens / Gates
  • Split System Heating/Cooling
  • Water tank
  • Pet-Friendly
  • Fully fenced

Caulfield North is a highly sought-after suburb renowned for its leafy streets, proximity to Caulfield Park, elite schools, and vibrant shopping precincts. It offers excellent transport links, a strong community atmosphere, and a range of recreational amenities, making it ideal for families and investors alike. The area combines convenience with a prestigious lifestyle, ensuring sustained demand and growth potential.

What is the current rental income generated by the apartments?
The apartments are well maintained and readily rentable, with current rental income dependent on market rates; specific figures can be obtained from the selling agent.
Are there any planning or development restrictions on the property?
The property offers future development potential (STCA), subject to council approval and zoning regulations; detailed planning restrictions should be confirmed with local authorities.
What are the ongoing maintenance costs for the property?
Maintenance costs vary depending on the condition and scope of renovations; a detailed inspection and cost estimate can be provided by a qualified building inspector.
Is the property compliant with all building and safety standards?
The property is described as well maintained; however, prospective buyers should conduct their own due diligence regarding compliance with current building and safety standards.
What are the nearby amenities and transport options?
The property is conveniently located near Caulfield Park, elite schools, Malvern Central, Glenferrie Road shops, cafes, restaurants, and various transport options including train and bus services.
Are there any existing planning permits or approvals for future development on the site? What are the potential costs associated with renovating or upgrading the apartments? Are there any easements, zoning restrictions, or covenants affecting the property? Has the property been affected by flooding, bushfire risks, or other environmental hazards? Are there any upcoming construction or infrastructure projects in the vicinity that could impact the property’s value or livability? What are the strata or body corporate arrangements, if applicable, and associated fees? Are there any known defects or issues with the building structure or systems? Is there any history of pest infestations or environmental contamination? What are the total council rates, water rates, and other ongoing costs? Are there any restrictions on property modifications or extensions?

1-5/21 Wanda Road, Caulfield North, Vic 3161 - More Details

$2,500,000 - $2,700,000

A rare opportunity to secure a block of five residences on a substantial 747m2* allotment in a prized Caulfield North location, this exceptional investment offers immediate income & exciting future rewards (STCA). Offered for sale as one, the property comprises a generously proportioned townhouse at the front & four spacious apartments at the rear. The impressive townhouse enjoys its own private street frontage & undercover parking for two cars, while its expansive two level floorplan delivers house sized proportions. The ground floor features a series of interconnected living zones, including a substantial formal lounge & dining room, separate living room & well appointed kitchen with a meals area. A privately enclosed, northerly oriented front courtyard extends the living outdoors, ideal for alfresco relaxing & entertaining. Upstairs, the accommodation includes a spacious main bedroom with walk-in robe & ensuite, three additional bedrooms with built-in robes & a central bathroom. Privately positioned at the rear, four apartments, two on the ground floor & two above, add significant value to the investment. Comfortable, well maintained & readily rentable, each apartment also presents scope to further renovate & add value over time. Each well proportioned apartment comprises a spacious living & dining room with split system heating/cooling, neatly appointed kitchen with meals area, two good sized bedrooms with built-in robes, a central bathroom with bath, shower, laundry facilities & a separate toilet as well as hallway storage, secure intercom entry & off street parking. Ideally located in a highly desired & convenient Caulfield North location, close to the magnificent Caulfield Park, elite schools, Malvern Central, Glenferrie Road shops, cafes & restaurants & a choice of transport options.. *Approximate Title Dimensions.
Type
Block Of Units
Bedrooms
12
Bathrooms
6
Parkings
5
Area
747 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Tue 29 Sep 1:30 pm

    Tuesday 29 September
    1:30 pm - 2:00 pm
  • Inspection Thu 1 Oct 1:30 pm

    Thursday 1 October
    1:30 pm - 2:00 pm

Auctions

  • 1-5/21 Wanda Road, Caulfield North, Vic 3161

    Thursday 22 October
    2:00 pm
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