2 Matlock Court, Caulfield North VIC 3161
2 Matlock Court, Caulfield North VIC 3161
Detached house | 4 bed 2 bath | 542m² land | 1980 build | Bay views | $1,000/wk rent
This is a genuinely rare configuration for Caulfield North — a full-size detached family house on a 542m² block, not a townhouse or apartment. The 1980 build gives it solid bones, and the upper-level bay views add a dimension most comparable homes simply don’t have. With four bedrooms, two refurbished bathrooms, ducted heating and cooling, solar panels, and a double carport with storage, it’s move-in ready for a family that wants space without a renovation project. The cul-de-sac position, combined with walking access to Malvern Central, Glenferrie Road, trams, and zoned schools, makes this most attractive to owner-occupier families or downsizers from larger homes who want a lock-and-leave feel with genuine room to spread out.
The 1980 construction might mean the kitchen and general finishes feel dated compared to newer stock, even though the bathrooms have been updated. The floor area discrepancy between sources — 222m² versus 312m² — suggests the usable internal space could be less generous than the headline figure, and that’s worth clarifying with a formal floor plan. Energy efficiency may also be a consideration for a 46-year-old dwelling, though the solar panels help offset that. The estimated rent of $1,000 per week implies a modest gross yield, which points to this being a home-driven purchase rather than an investment-led one. The lack of flood, bushfire, or heritage overlays removes some typical constraints, but the true condition of the kitchen, windows, and roof will matter more than the age alone.
|| Comparable Sales: 2 Matlock Court sold for $1.988M in 2015; nearby multi-dwelling site at 1-4/12 Hawthorn Road listed at $2.395M | Property Price Band: $2.3M–$2.4M | Value Drivers: land size, bay views, cul-de-sac position, and condition of the 1980-era interior
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Matlock Court, Caulfield North VIC 3161
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Caulfield North is an established inner-city suburb drawing young professionals and families, with the dominant 20-39 age cohort, childless couples, and 58.9% owner-occupiers. Demand is anchored by Monash University Caulfield and elite school catchments including Mount Scopus and Caulfield Grammar. House prices have corrected to a $2.019M–$2.351M range, with annual growth between -1.2% and -6.0%; units sit at $575,000–$635,000, down 4.1% to 20.3%. Houses trade in 48–54 days, yet auction clearance rates remain competitive at 82.8%. Rental yields are thin for houses at 2.28% but firmer for units at up to 5.7%. Future growth relies on continued education-linked demand and transport access, though high entry prices and rate sensitivity cap upside.
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PropCred Estimated Value
Comparable Sales: 2 Matlock Court sold for $1.988M in 2015; nearby multi-dwelling site at 1-4/12 Hawthorn Road listed at $2.395M | Property Price Band: $2.3M–$2.4M | Value Drivers: land size, bay views, cul-de-sac position, and condition of the 1980-era interior
Bedrooms
4
Bathroom
2
Parking
2
Land
542m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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