41 Masters Street, Caulfield VIC 3162
41 Masters Street, Caulfield VIC 3162
Established low-rise apartment pocket | Ground-floor convenience likely | Strong first-home buyer demand | Proximity to trams and retail | Refurbished interiors probable
This property sits within a well-established, low-density apartment corridor in Caulfield, where older stock has been progressively refreshed to suit modern expectations. The likely ground-floor configuration offers easy access and private outdoor space, which appeals strongly to first home buyers and investors seeking a manageable entry into a sought-after inner-southeast suburb. Timber floors, secure entry, and on-site parking are common in this pocket, giving the property a practical, durable character that holds broad appeal. Its position near tram routes and local shopping adds everyday convenience, making it a sensible choice for those prioritising lifestyle and accessibility over brand-new finishes.
Value may be shaped by the condition of the original structure, particularly the kitchen and bathroom, as these areas typically require updating in this era of stock. The presence of a balcony or terrace could enhance appeal, while the absence of lift access or extensive amenities might moderate expectations for some buyers. The refurbishment quality of the block and the level of natural light will also influence how the property is perceived relative to similar options. Buyers should weigh the potential for cosmetic improvement against the benefit of a move-in-ready unit, as this balance will likely determine final interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 41 Masters Street, Caulfield VIC 3162
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Caulfield, 10km southeast of the CBD, remains a high-income family suburb where a median age of 44 and 48% mortgage ownership indicate established, rate-sensitive demand. Quality schools, tram and train connectivity, and historic housing stock attract buyers, but the price data reveal a fragmented market. Median house prices span $1.6m-$2.0m depending on source, with annual growth ranging from +8.6% to -23.2%—a volatility pointing to affordability limits and sharp rate sensitivity. Units are similarly broad, with medians from $667k to $919k; gross rental yields sit around 3.3-4.3%. House rents of $950-$1,037 weekly and unit rents of $590-$685, with days on market of 40-57 and low annual sales (50-123), suggest thin but stable turnover. Future gains depend on continued demand for its schooling and transport corridors; the dominant risk is that high mortgage exposure and stretched prices trigger further correction.
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PropCred Estimated Value
Comparable Sales: 4/15 Masters Street sold at $560,000; 3/15 Masters Street leased at $475 weekly | Property Price Band: $550,000–$650,000 | Value Drivers: Ground floor access, interior condition, outdoor space quality
Bedrooms
4
Bathroom
2
Parking
2
Land
622m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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