4 Namatjira Court, Mulgrave VIC 3170
4 Namatjira Court, Mulgrave VIC 3170
4 Namatjira Court is a 4-bedroom, 2-bathroom house with 5 parking spaces on a 654 m² lot in Mulgrave, VIC 3170. The building covers approximately 392 m² with 60% site coverage, built in 1997. Estimated value is between $1.12m and $1.18m, with a rental income of $625 per week.
This property is competitively strong for its combination of four bedrooms and five parking spaces, which is rare in Mulgrave’s court settings. The 392 m² building size is notably larger than typical stock, suggesting expansive living areas that appeal to families needing both indoor space and vehicle accommodation. The quiet court location within the Monash council area and zoned for Brandon Park Primary School and Brentwood Secondary College positions it well for middle-to-upper income households seeking a long-term family home. The absence of bushfire, flood, or heritage overlays reduces environmental constraints, while the 1997 construction year may offer a solid foundation for updates.
The 1997 build year might mean some systems or finishes require modernization, which could affect value if not recently renovated. The estimated gross yield of approximately 2.74% is modest, so buyers focused on rental return should weigh capital growth potential against income. The lot size is standard for the street, but the high building coverage limits outdoor expansion. The bedroom count inconsistency across sources may create negotiation leverage, though the confirmed four-bedroom configuration should hold value. Connectivity via NBN and 5G is reliable, but no specific security or fencing details are confirmed, which may matter for family buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Namatjira Court, Mulgrave VIC 3170
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Mulgrave is a well-established, family-oriented suburb with strong owner-occupier appeal, evidenced by high auction clearance rates. Demand is driven by young professional families seeking spacious homes in a settled community. The housing market demonstrates robust growth, while the unit segment currently faces price headwinds. Future performance is underpinned by its established character and proximity to the city, though sensitivity to interest rates and unit market softness present key considerations.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
5
Land
654m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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