202/1044 Glen Huntly Road, Caulfield South VIC 3162
202/1044 Glen Huntly Road, Caulfield South VIC 3162
Compact boutique 2/2/1 | modern 2014 build | owner-occupier heavy | oak floor Smeg kitchen | street noise checks
The property is presented as a compact two-bedroom, two-bathroom apartment with one car space within a boutique low-rise building completed in 2014. Modern finishes, including oak flooring and Smeg appliances, are rarely matched by older unit stock in the area. The unit is positioned close to shops, trams, trains, and schools, making it a practical choice for first-home buyers and downsizers. An owner-occupier-heavy building is indicated by an average tenure of nearly six years, which is associated with stable resident care and a quieter atmosphere. This apartment is suited to someone wanting contemporary comfort in a well-connected inner-suburban corridor without the maintenance of a house.
Value may be influenced by floor position and aspect, as outlook varies. Street noise might be considered a drawback for lighter sleepers. The 64 m² area is seen as modest, so layout and storage are prioritized. Rental demand may be supported by proximity to Monash Caulfield, but growth might be softened. Convenience is added by basement parking and a storage cage.
Detailed Independent Property Report prepared by PropCred Analyst team for 202/1044 Glen Huntly Road, Caulfield South VIC 3162
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Caulfield South is an established inner suburb, dominated by Australian-born professionals aged 40-49 with degrees and high household incomes, plus a strong Jewish community. Demand comes from affluent families and owner-occupiers; 48% of owners have mortgages, so rate sensitivity is a risk. House prices are elevated but mixed: the latest median is $1.87m with 8.6% annual growth, though another series shows $1.8m and a 5.6% quarterly fall; values range from $1.72m to $2.035m. Units are stronger, at $919,000 with 13.6% growth, or $830,000 in a secondary measure. Houses average 37-53 days on market, with 155 sales, up 7.6%. Weekly rents are $950 for houses and $685 for units; gross yields around 3.2% for houses and 4.3% for units. Future growth is supported by professional-family demand, but affordability and mortgage leverage are key constraints.
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PropCred Estimated Value
Comparable Sales: 5/1044 Glen Huntly Rd sold $620k Nov 2024 | Property Price Band: $600k-$700k | Value Drivers: condition, layout, parking and storage
Bedrooms
2
Bathroom
2
Parking
1
Land
781m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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