2/28 Snowdon Avenue, Caulfield VIC 3162
2/28 Snowdon Avenue, Caulfield VIC 3162
4-bed townhouse with 2 parking | low-density Caulfield street | walk to train, trams, schools | family-oriented stock | competitive renovation expectations
The property is presented as a four-bedroom, two-bathroom townhouse with two dedicated parking spaces, a configuration that is well matched to families seeking house-like proportions without the upkeep of a large freestanding home. The street itself is defined by a settled mix of period houses, renovated villas, and contemporary townhouses, so this address fits into a low-density residential character rather than a high-rise environment. The location is a genuine strength, with Caulfield Station, tram routes, Caulfield Park, and primary and secondary schooling all within walkable reach. That combination of practical space and everyday convenience makes the townhouse most suitable for owner-occupiers, particularly families and downsizers who want a ready-made home in an established, quiet pocket.
The eventual selling price may be shaped by how the internal condition and finish quality compare with recently renovated villas on the same street. The orientation of the main living areas and any outdoor space could also matter, as north-facing gardens are a known preference in this area. The double parking provision is a clear practical advantage, but the limited land component might place some constraint on long-term price growth relative to detached houses. Buyers should weigh those factors carefully when forming a view on value.
>> Comparable Sales: 1/39 Snowdon Avenue sold $1,475,000; 2/44 Snowdon Avenue sold $1,229,888 | Property Price Band: $1.5M–$1.6M | Value Drivers: internal condition, layout practicality, orientation, double parking
Detailed Independent Property Report prepared by PropCred Analyst team for 2/28 Snowdon Avenue, Caulfield VIC 3162
Checks found:
Value Risk
2
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
Bedrooms
4
Bathroom
2
Parking
2
Land
796m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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