116/48-58 Central Parkway, Caroline Springs VIC 3023
116/48-58 Central Parkway, Caroline Springs VIC 3023
This is a 2-bedroom, 2-bathroom retirement apartment within Caesia Gardens, likely ground-floor with a single car space. The Botanica design features contemporary finishes and a nature-facing aspect. Set in a pet-friendly village on 4 hectares of parkland, it provides walking-distance access to Lake Caroline and CS Square.
A retirement apartment offering modern finishes and pet-friendly policy is uncommon in this quiet, nature-immersed setting. The property is positioned as a premium downsizing option, distinct from the suburb’s typical family-oriented detached houses. Its strongest competitive edge is the combination of a lakeside location, active community amenities, and tailored design for older buyers seeking a low-maintenance, socially vibrant lifestyle without sacrificing contemporary comfort.
The pricing discrepancy between current listing and valuation models may reflect an exceptional premium for the retirement village lifestyle and its built-in amenities. However, the age restrictions naturally limit the buyer pool, which could moderate future demand. The smaller configuration, while ideal for downsizers, may also affect long-term value if resale needs to compete with standard apartment stock in the area. Rental yield potential is constrained by the targeted demographic.
Detailed Independent Property Report prepared by PropCred Analyst team for 116/48-58 Central Parkway, Caroline Springs VIC 3023
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Caroline Springs is a family-oriented suburb with a strong owner-occupier market, evidenced by high auction clearance rates and houses selling significantly faster than comparable areas. Demand is driven by households seeking relative affordability and space, supported by above-average local incomes. The housing market has demonstrated solid capital growth, while the unit segment has softened. Future performance hinges on sustained demand against a backdrop of tight supply, though the market’s sensitivity to interest rates remains a key consideration.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
4 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
Other Properties to Compare in This Area
Property buyers often compare multiple homes in the same local area before making a decision. These recent property research pages are selected from the same postcode, nearby postcodes, or the same state where required.
- 8 Oakes Place, Golden Square VIC 3555 — 6 bed · 4 bath · 2 car
- 72 Breasley Parkway, Point Cook VIC 3030 — 4 bed · 2 bath · 2 car
- 94 Lawn Cres, Braybrook VIC 3019 — 3 bed · 2 bath · 1 car
- 1 Carlow Walk, Lalor VIC 3075 — 3 bed · 2 bath · 2 car
- 7 Grant Street, Sebastopol VIC 3356 — 3 bed · 2 bath · 1 car
- 491 Napier Street, White Hills VIC 3550 — 3 bed · 1 bath · 1 car
- 1/84 Opie Road, Albanvale VIC 3021 — 3 bed · 2 bath · 1 car
- 263 Horsham-Noradjuha Road, Lower Norton VIC 3401 — 4 bed · 3 bath · 2 car
- 164 Aylmer Road, Lyndhurst VIC 3975 — 4 bed · 2 bath · - car
- 13 Hemsley Drive, Deer Park VIC 3023 — 4 bed · 2 bath · 2 car
- 189 Cherry Tree Road, Bailieston VIC 3608 — 2 bed · 1 bath · 1 car
- 7 Oakdene Court, Ballarat North VIC 3350 — 4 bed · 2 bath · - car
- 15 Cavendish Street, Portland North VIC 3305 — 5 bed · 2 bath · 2 car
- 5 Kent Court, Mansfield VIC 3722 — 4 bed · 2 bath · 1 car
- 8 Rogers Court, Sunbury VIC 3429 — 4 bed · 2 bath · 2 car
- 15 Dexter Grove, Point Cook VIC 3030 — 3 bed · 2 bath · 2 car
- 895 Sayers Road, Tarneit VIC 3029 — 4 bed · 2 bath · - car
- 9 Bovard Close, Caroline Springs VIC 3023 — 3 bed · 2 bath · - car
- 3 Joules Court, Deer Park VIC 3023 — 3 bed · 1 bath · 4 car
- 7/15 Widnes Court, Deer Park VIC 3023 — 3 bed · 2 bath · 2 car
- 32 Maggie Cres, Mambourin VIC 3024 — 4 bed · 2 bath · 2 car
- 31 Honeycomb Avenue, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 16 Bellfield Court, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 8 Warrington Cres, Deer Park VIC 3023 — 3 bed · 2 bath · 2 car
- 8 Milton Drive, Wyndham Vale VIC 3024 — 3 bed · 1 bath · 1 car
- 4 Climbing Drive, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 28 Boxer Drive, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 38 Bursaria Drive, Caroline Springs VIC 3023 — 2 bed · 1 bath · 1 car
- 2 Penole Way, Wyndham Vale VIC 3024 — 3 bed · 1 bath · 2 car
- 117 Cambridge Cres, Wyndham Vale VIC 3024 — 3 bed · 1 bath · 1 car
- 6 Broadway Boulevard, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 27 Palette Street, Mambourin VIC 3024 — 5 bed · 2 bath · 2 car
- 59 Shillings Road, Mambourin VIC 3024 — 4 bed · 2 bath · 2 car
- 5 Portrait Street, Mambourin VIC 3024 — 4 bed · 2 bath · 2 car
- 15 Hansen Road, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 75 Manor Lakes Boulevard, Manor Lakes VIC 3024 — 3 bed · 2 bath · 2 car
- 12/79 Lancefield Drive, Caroline Springs VIC 3023 — 3 bed · 2 bath · 2 car
- 39 Oakview Parade, Caroline Springs VIC 3023 — 3 bed · 2 bath · - car
- 20 Lancely Green, Caroline Springs VIC 3023 — 3 bed · 2 bath · 1 car
- 121 Arbour Boulevard, Burnside Heights VIC 3023 — 4 bed · 2 bath · 2 car
- 14 Reg Chalke Cres, Cairnlea VIC 3023 — 5 bed · 2 bath · 5 car
- 16 Hydefield Drive, Wyndham Vale VIC 3024 — 4 bed · 3 bath · 2 car
- 31 Kallang Road, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 1 car
- 14 Stonecrop Way, Wyndham Vale VIC 3024 — 5 bed · 3 bath · 2 car
- 48 Oconnor Road, Deer Park VIC 3023 — 3 bed · 2 bath · 2 car
- 2 Halladale Avenue, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 68 Wollahra Rise, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 42 Grappa Circuit, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 50 Cloudburst Avenue, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 54 Brightvale Boulevard, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 27 Paramount Boulevard, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 1/11 Sunhill Cres, Ardeer VIC 3022 — 3 bed · 1 bath · 1 car
- 25 Pierbrook Avenue, Manor Lakes VIC 3024 — 6 bed · 4 bath · 2 car
- 13 Weavers Street, Manor Lakes VIC 3024 — 3 bed · 1 bath · 1 car
- 123 Neale Road, Deer Park VIC 3023 — 3 bed · 2 bath · 2 car
- 674 Armstrong Road, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 4 car
- 11 Florida Court, Burnside Heights VIC 3023 — 3 bed · 2 bath · 2 car
- 5 Pewter Street, Mambourin VIC 3024 — 4 bed · 2 bath · 2 car
- 9 Burswood Drive, Wyndham Vale VIC 3024 — 3 bed · 2 bath · 2 car
- 28 Happiness Way, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 13 Truesource Drive, Cairnlea VIC 3023 — 3 bed · 2 bath · 2 car
- 7 Ladlow Street, Mambourin VIC 3024 — 4 bed · 3 bath · 2 car
- 48 Timetable Street, Mambourin VIC 3024 — 5 bed · 2 bath · 2 car
- 21 Springwood Terrace, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 33/2 Monckton Place, Caroline Springs VIC 3023 — 2 bed · 1 bath · 1 car
- 232 Maracana Avenue, Manor Lakes VIC 3024 — 4 bed · 3 bath · 2 car
- 14 Produce Drive, Mambourin VIC 3024 — 4 bed · 2 bath · 2 car
- 2 Honour Lane, Caroline Springs VIC 3023 — 3 bed · 1 bath · 1 car
- 33 Vogue Drive, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 20 Pristine Drive, Wyndham Vale VIC 3024 — 5 bed · 3 bath · 2 car
- 13 Bronwyn Way, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 52 Dumfries Street, Deer Park VIC 3023 — 3 bed · 1 bath · 2 car
- 18 Kutjera Street, Manor Lakes VIC 3024 — 3 bed · 2 bath · 2 car
- 32 Maryborough Drive, Wyndham Vale VIC 3024 — 3 bed · 2 bath · 2 car
- 30 Mundara Drive, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 4 Stacey Parade, Mount Cottrell VIC 3024 — 4 bed · 2 bath · 2 car
- 3/87 Federal Drive, Wyndham Vale VIC 3024 — 2 bed · 2 bath · 1 car
- 33 Kinglake Drive, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 1 Bogey Street, Deer Park VIC 3023 — 3 bed · 2 bath · 2 car
- 107/48-58 Central Parkway, Caroline Springs VIC 3023 — 2 bed · 2 bath · 1 car
- 5 Radiata Close, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 119/48-58 Central Parkway, Caroline Springs VIC 3023 — 3 bed · 2 bath · 2 car
- 7 Plumstead Street, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 26 Akron Street, Manor Lakes VIC 3024 — 4 bed · 3 bath · 3 car
- 9 Edwin Close, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 1/1 Railway Parade, Deer Park VIC 3023 — 3 bed · 2 bath · 1 car
- 174 Eureka Drive, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 114 Kinglake Drive, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 50 Koodya Street, Mambourin VIC 3024 — 4 bed · 3 bath · 2 car
- 20 Marcellin Court, Deer Park VIC 3023 — 2 bed · 1 bath · 2 car
- 22A Marne Avenue, Wyndham Vale VIC 3024 — 3 bed · 3 bath · 2 car
- 21 Trapdoor Street, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 2 car
- 32 Mockridge Avenue, Burnside VIC 3023 — 4 bed · 2 bath · 2 car
- 68 Wendouree Cres, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 24 Downham Way, Wyndham Vale VIC 3024 — 3 bed · 2 bath · 4 car
- 10 Rosewater Street, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 20 Hubbard Street, Wyndham Vale VIC 3024 — 4 bed · 2 bath · 3 car
- 23 Clematis Cres, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car
- 8 Miso Road, Wyndham Vale VIC 3024 — 3 bed · 2 bath · 3 car
- 5 Akron Street, Manor Lakes VIC 3024 — 4 bed · 2 bath · 2 car