47 Carmichael Road, Craigieburn VIC 3064

Modern two-storey 2019 build | 5 bedrooms, 67% site coverage | Carmichael Road, Craigieburn | Auction 30 May, $900k–$950k guide. This property offers a rare configuration edge in Craigieburn: a near-new five-bedroom house on a full 560m² lot with 67% site coverage, which is unusually high for this price point and signals efficient use of land. The 2019 build, solar panels, and FTTP NBN add modern efficiency without premium cost. It serves families seeking secondary college catchment at Elevation Secondary College (0.4km) and owner-occupiers who value space over land bank potential. The auction clearance rate of 51% in Craigieburn suggests selective demand, but this house’s size and condition position it competitively against older stock. The primary risk is that 67% site coverage limits future extension or subdivision, which may reduce resale appeal to developers. The 2016 last sale price is unknown, but nearby 37 Carmichael Road sold for $657k, indicating some street price resistance. The rental midpoint of $750pw offers a 4.2% gross yield at the $950k guide, which is below average for the suburb. The buyer should treat this as a hold for family occupation, not a flip or rental yield play.