166/236-238 Waterview Boulevard, Craigieburn VIC 3064

166/236-238 Waterview Boulevard, Craigieburn VIC 3064
2 bed unit | Levande Highlands retirement village | renovated kitchens available | bus stop at front gate The buying case rests on the unit’s position within a well-established retirement village with active amenities—pool, gym, cinema—that are rare for the price band. The 2-bedroom layout with ensuite and single garage suits downsizers seeking low-maintenance living in a community with strong owner-occupier character. The recent kitchen renovations in comparable units suggest the complex is being refreshed, which supports value retention. The suburb’s lack of flood or heritage overlays and reliable 5G coverage add practical stability. The main risk is the absence of recent sales data for the exact unit, making precise valuation uncertain; the estimated range of $480,000–$526,000 is based on listings, not transactions. Buyers should verify whether unit 166 has been updated to match the renovated kitchens seen in other listings, as unrenovated units may trade at a discount. The shared 9.07-hectare lot means ongoing body corporate fees, which must be confirmed. The opportunity lies in buying before further renovations push prices higher. Hold this property as a long-term residence for a retiree, not for capital growth speculation.
Detailed Independent Property Report prepared  by PropCred Analyst team for 166/236-238 Waterview Boulevard, Craigieburn VIC 3064
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk
Income Risk ! 1
Execution Risk 2
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Market Insight

Craigieburn is a family-dominated northern suburb experiencing robust demand driven by population growth and critically low housing supply. This dynamic has delivered strong recent price appreciation and a brisk sales environment. Future growth is underpinned by ongoing infrastructure development, though the market’s relative affordability and sensitivity to broader economic conditions present key considerations.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

9.07 ha

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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