7 Merton Street, Caulfield North VIC 3161
7 Merton Street, Caulfield North VIC 3161
Single-level 1950s brick on 668sqm | North-facing deep garden | Four bedrooms, two baths | Rare tightly-held pocket | Renovate or extend
This is a genuinely uncommon offering for Caulfield North, where much of the housing stock has been subdivided or replaced with units. A single-level solid-brick house on a north-facing 668sqm allotment, with four bedrooms, two bathrooms and a deep established garden, is the kind of configuration that appeals to a broad range of buyers. It serves best as a long-term family home, particularly for those who value the flexibility of moving in immediately while holding the option to renovate or extend later. The original mid-century character, including parquetry floors and a terrazzo patio, adds a layer of authenticity that many renovated properties lose. The second living area, which could become a fifth bedroom or home office, gives the floorplan more adaptability than most houses of this era.
The property’s value is likely to be shaped by how a buyer weighs its liveable condition against its renovation potential. It is freshly painted and functional, but the original kitchen and bathroom may feel dated to some, which could moderate how much a buyer is willing to pay without a discount for future works. The north-facing orientation and deep rear garden are strong contributors to value, as is the quiet street position in a tightly held pocket. Planning controls for any extension or redevelopment are not confirmed, so a buyer should investigate what is permissible before forming a final view. The single-level layout is a practical advantage for downsizers, but the property’s size and garden may equally suit a growing family.
|| Comparable Sales: 9 Merton Street, a 3-bedroom house on 727sqm, estimated at $3.4M; 7 Morrice Street, a 5-bedroom house on 674sqm, listed at $2.2M–$2.4M | Property Price Band: $2.0M–$2.2M | Value Drivers: land size and orientation, original condition with renovation scope, single-level family layout
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Merton Street, Caulfield North VIC 3161
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 9 Merton Street, a 3-bedroom house on 727sqm, estimated at $3.4M; 7 Morrice Street, a 5-bedroom house on 674sqm, listed at $2.2M–$2.4M | Property Price Band: $2.0M–$2.2M | Value Drivers: land size and orientation, original condition with renovation scope, single-level family layout
Bedrooms
5
Bathroom
2
Parking
2
Land
668m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!