10/4 Delany Lane, Craigieburn VIC 3064

Townhouse in Highlands Estate | 3-bed modern layout | Low-maintenance with garage | Strong rental demand zone | No overlay risks This property occupies a rare position in Craigieburn’s Highlands Estate, offering a near-new build with a compact but functional 226m² block and a two-car garage , a configuration that is increasingly scarce in this price tier. The three-bedroom, two-bathroom floorplan serves first-home buyers and downsizers equally well, as the low-maintenance design reduces ongoing holding costs while the absence of bushfire, flood, or heritage overlays removes latent approval friction. For an investor, the rental midpoint of $540 per week against a sub-$600k estimated value suggests a gross yield above 4.5%, which is competitive for a modern townhouse in Melbourne’s northern growth corridor. The primary risk is the gap between the estimated value range of $574k–$590k and the upper end of the indicative price guide at $730k, which may indicate vendor expectations that outpace recent comparable sales. Buyers should anchor offers near the lower estimated value and use the 2023 purchase price of $501k as a reference point for negotiation leverage. The Highlands Estate location provides access to Aitken Creek Primary and Mount Ridley College, which supports long-term demand from families, while the 2025 leasing history confirms rental absorption. Hold this property as a core suburban holding with stable capital growth tied to Melbourne’s northern corridor expansion.