105/462 Dandenong Road, Caulfield North VIC 3161
105/462 Dandenong Road, Caulfield North VIC 3161
2-bed, 1-bath, 1-car apartment | 2021 low-rise build | FTTP NBN and 5G | no overlay constraints | strong rental yield signal
This unit sits at the newer end of Caulfield North’s apartment stock, completed in 2021 within a 26-residence low-rise building. That alone separates it from the older 1950s-style units and converted houses common in the suburb. The configuration is practical for a couple or single professional, with open-plan living, secure parking, and lift access typical of this build quality. It is best suited to owner-occupiers wanting low-maintenance modern living close to transport and schools, or investors chasing the estimated $760 weekly rent against a modest price point. The north-facing aspect and leafy outlooks found in comparable units within the same complex add genuine appeal, and the absence of bushfire, flood, or heritage overlays means fewer hidden constraints.
The busy Dandenong Road corridor may introduce traffic noise, which could temper how quickly the unit sells compared to a quieter side-street property. Floor level and aspect are not confirmed for this specific unit, so a lower-floor or south-facing layout might feel less light-filled than the top-floor comparables. Parking is open rather than basement, which may matter to buyers expecting fully enclosed security. The estimated value of around $561,000 looks reasonable against recent sales in the immediate pocket, but the final price will hinge on internal finish quality and how the unit sits within the building.
|| Comparable Sales: 4/556–558 Dandenong Road sold at $740,500; 202/462 Dandenong Road listed at $600,000–$660,000 | Property Price Band: $500K–$600K | Value Drivers: floor level, aspect, internal finish quality, parking type
Detailed Independent Property Report prepared by PropCred Analyst team for 105/462 Dandenong Road, Caulfield North VIC 3161
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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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: 4/556–558 Dandenong Road sold at $740,500; 202/462 Dandenong Road listed at $600,000–$660,000 | Property Price Band: $500K–$600K | Value Drivers: floor level, aspect, internal finish quality, parking type
Bedrooms
2
Bathroom
1
Parking
1
Land
1460m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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