117 Wattletree Street, Craigieburn VIC 3064
117 Wattletree Street, Craigieburn VIC 3064
3 bed family house | 350m² block | 190m² build | FTTP & 5G | school-zoned
This property holds a practical edge for buyers wanting a modern, low-maintenance family house without paying for excess land. The 190m² footprint on a 350m² lot means generous internal living space relative to yard size, which suits young families prioritising indoor comfort over gardening. The three-bedroom, two-bathroom, two-car configuration is the most liquid format in Craigieburn’s growth corridor, appealing strongly to first-home buyers and investors alike. Zoning to Aitken Creek Primary School within walking distance adds genuine everyday convenience, while the absence of overlay restrictions keeps the property straightforward for future redevelopment or extension. It serves best as a turnkey family home or a reliable rental holding.
The 54% building coverage indicates a compact outdoor area, which may limit appeal for buyers wanting substantial private open space or room for a shed or pool. The estimated $550 weekly rent against a likely price point suggests a modest gross yield, so investors should weigh capital growth potential rather than immediate cash return. The 2022 sale history and modern build era point to a property that has likely already captured some price appreciation, meaning future gains may track suburb-wide trends rather than outperform. Buyers should inspect the actual condition and finish quality, as the listing data does not confirm premium upgrades, and factor in any immediate renovation needs when forming a price view.
|| Comparable Sales: 113 Wattletree St sold March 2024 at similar size; 52 Wattletree St 3/2/2 on 322m² | Property Price Band: $650K–$750K | Value Drivers: build size, land-to-floor ratio, school proximity, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 117 Wattletree Street, Craigieburn VIC 3064
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Craigieburn, in Melbourne’s north-west, is a family-oriented market where low supply and population growth underpin demand. House medians sit around $700k–$715k, up 8–9% annually; units average $460k–$480k, growing 8–12.5%. Sales volume around 1,000 houses yearly, with homes selling in 32–59 days. Rental yields for houses are 4–4.5%, units 4.9–5.2%; weekly rents run $540–$550 and $450–$490 respectively. Future growth hinges on transport infrastructure and population inflows, but very low supply and below-average growth versus Melbourne indicate rate sensitivity. Entry affordability is $700k–$800k.
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PropCred Estimated Value
Comparable Sales: 113 Wattletree St sold March 2024 at similar size; 52 Wattletree St 3/2/2 on 322m² | Property Price Band: $650K–$750K | Value Drivers: build size, land-to-floor ratio, school proximity, condition
Bedrooms
3
Bathroom
2
Parking
2
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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