2/662 Inkerman Road, Caulfield North VIC 3161

Private courtyard on 824sqm | Rare townhouse-style footprint in Caulfield North | Walk to Caulfield Park and cafes | Zoned for Caulfield Junior College. This property occupies a configuration edge that is uncommon in the unit market: a full 824sqm land holding with a private courtyard, wraparound gardens, and a secure double garage. For a buyer, this means the unit delivers the spatial and lifestyle advantages of a townhouse without the full detached-house price. The recent renovation removes immediate capital outlay, and the zoning to Caulfield Junior College and proximity to Glen Eira College strengthen long-term resale demand. The property best suits a professional couple or small family seeking a lock-and-leave home with outdoor space, or an investor targeting a 3.8% yield in a suburb with 10.5% annual growth. The primary risk is that the 2017 purchase price of $1.17m and current estimates around $1.4m suggest limited short-term arbitrage; the buyer pays for the renovation and the location premium. No overlays reduce development risk, but the subdivided lot constrains future expansion. The opportunity lies in holding for capital growth driven by the land-to-building ratio and school zone demand, or renting at an estimated $940–$1,060 per week for a stable 4% gross return. Use this property as a core holding in a diversified portfolio, or as a long-term family home that trades space for convenience.