78/255 Drummond Street, Carlton, VIC 3053 | Property Value & History | OnTheHouse
OFF MARKET

78/255 Drummond Street
Carlton VIC 3053

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 4136m2
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Property Details for 78/255 Drummond St, Carlton

78/255 Drummond St, Carlton is a 0 bedroom, 0 bathroom Car Space with 1 parking spaces and was built in 1990. The property has a land size of 4136m2. While the property is not currently for sale or for rent, it was last transferred in April 2020.

Building Type
Car Space
Year Built
1990
Land Size
4136m2
Local Government
Melbourne
Lot/Plan
78/PS300560

Last Listing description (September 2019)

Clocktower: Lot 78/255 Drummond Street, Carlton

We all know how hard it is to find a carpark around Carlton.


Secure long-term tenant who pays ALL outgoings.

No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
No Worries.

Affordable:
Asking only $45,000, this affordable entry level investment is ideal for your Superannuation, investment diversity or affordable first time/entry level property investor.
Blue chip Carlton location within the Lygon Streets, retail, caf, business and entertainment precinct, parking in this area is limited and highly sought-after.

Strong Income:
The current income for this space is $253.11 per calendar month (excl GST) or $3,037.32 per annum.

Low Maintenance Investment:
As this car park is attached to a secure long term lease the outgoings (council rates, owner corporation fees and water rates and congestion levy) are the responsibility of the Lessee and therefore this is a low maintenance investment offering a NET return on investment.

National Tenant: Care Park Pty Ltd

Sit back and relax with a steady stream of income without any maintenance requests from tenants.

Be quick, dont walk, dont run but drive before this unique opportunity is gone.

Inspect by appointment or contact Richard Crane 0412 333 331 for further information

Property History for 78/255 Drummond St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Transferred
02 Apr 2020
  • 02 Apr 2020
    Transferred
  • 04 Jun 2019
    Sold for $42,000
  • 16 May 2019
    Listed for Sale Not Disclosed
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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. There are 9 parks, covering nearly 20.9% of the total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation.In 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.

Carlton has 15,940 properties. Over the last 5 years, Houses in Carlton have seen a -7.45% decrease in median value, while Units have seen a -11.50% decrease. As at 30 April 2026:

  • The median value for Houses in Carlton is $1,525,671 while the median value for Units is $348,541.
  • Houses have a median rent of $864 while Units have a median rent of $560.
There are currently 57 properties listed for sale, and 61 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 648 properties were sold in the past 12 months in Carlton.

Suburb Insights for Carlton 3053

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.