2/38 Coulstock Street, Epping VIC 3076
2/38 Coulstock Street, Epping VIC 3076
3 bed townhouse | 2 car spaces | off market | $604k estimate | double parking edge over neighbours
This property sits at the upper end of its complex’s value range primarily because of its two-car configuration, which is a genuine differentiator in a market where off-street parking for two vehicles is increasingly sought after by owner-occupiers and families. The three-bedroom two-bathroom layout with modest land of 159 square metres offers a practical low-maintenance footprint that suits first-home buyers or downsizers who want modern stock without strata-style constraints. Being part of a small development at 38 Coulstock Street, it benefits from comparable sales evidence that shows consistent demand in the low-to-mid five-hundreds, and the estimated $604,000 positions it as a competitively priced townhouse in Epping’s residential corridor with good school zoning and NBN connectivity.
The main risk is that being off market means no current price discovery, and the estimated value may not reflect softening demand if listings increase in the surrounding Whittlesea area. There is also no sale history for this specific lot, which makes the valuation reliant on neighbours with potentially different configurations-the three-bathroom unit sold at $580,000, so a two-bathroom property should trade slightly below that unless the double parking commands a premium. For a buyer, the opportunity lies in approaching the owner directly while the property is off market, potentially negotiating below the estimate if the seller is motivated. Hold this property as a low-maintenance residence or rent it out for steady yield in a corridor with ongoing infrastructure investment.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/38 Coulstock Street, Epping VIC 3076
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Epping is a family-oriented suburb within Melbourne’s northern growth corridor, characterised by a high proportion of mortgaged homeowners. Demand is driven by families and investors, supported by robust sales activity, major infrastructure investment like the Northern Hospital expansion, and its evolving role as an employment hub. The market demonstrates solid price growth and healthy rental demand, though its mortgage-heavy ownership base indicates sensitivity to interest rate changes, presenting a key affordability constraint amidst active development.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
159m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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