31 Cambridge WayCampbellfield VIC 3061
Property Details for 31 Cambridge Way, Campbellfield
31 Cambridge Way, Campbellfield is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 676m2 and floor size of 110m2.This Property is currently listed for sale with Harcourts Coburg
Last Listing description (April 2026)
Positioned in a quiet and well-established pocket of Campbellfield, this solid brick residence presents a strategic opportunity for first home buyers and developers alike, with the added advantage of an approved town planning permit already in place.
The existing home offers a functional, light-filled layout with comfortable living zones, polished timber flooring and a neat kitchen and bathroom. It is immediately liveable or leasable, while providing a clear pathway for future improvement or redevelopment.
Currently tenanted at $1,999 per calendar month on a fixed lease until 31st August 2026, the property delivers an immediate income stream while future plans are considered or progressed.
The true value lies in the underlying potential. With planning approval secured, the property is primed for development, allowing buyers to fast-track their project and capitalise on the site without the uncertainty and delays typically associated with the planning process.
The outdoor space further enhances flexibility, catering to families requiring room to move, as well as buyers seeking scope to extend, rebuild or execute the approved development outcome.
Conveniently located close to local shops, schools and public transport, the property also benefits from easy access to major arterial roads, providing seamless connectivity to Broadmeadows, Fawkner and the wider northern corridor.
This is a high-opportunity acquisition with immediate usability and clear upside, ideal for first home buyers entering the market or developers ready to deliver on an approved scheme.
Property History for 31 Cambridge Way, Campbellfield, VIC 3061
- 21 Apr 2026Listed for Sale $650,000 - $700,000
- 04 Jul 2025Listed for Rent $485 / week
- 21 Jul 2021Listed for Rent - Price not available
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About Campbellfield 3061
The size of Campbellfield is approximately 12.3 square kilometres. It has 9 parks covering nearly 7.3% of total area. The population of Campbellfield in 2016 was 5056 people. By 2021 the population was 4977 showing a population decline of 1.6% in the area during that time. The predominant age group in Campbellfield is 20-29 years. Households in Campbellfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Campbellfield work in a trades occupation.In 2021, 69.60% of the homes in Campbellfield were owner-occupied compared with 70.10% in 2016.
Campbellfield has 5,799 properties. Over the last 5 years, Houses in Campbellfield have seen a 25.87% increase in median value, while Units have seen a 29.42% increase. As at 31 March 2026:
- The median value for Houses in Campbellfield is $659,579 while the median value for Units is $490,336.
- Houses have a median rent of $530 while Units have a median rent of $410.
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