24 Erasmus Avenue, Craigieburn VIC 3064
24 Erasmus Avenue, Craigieburn VIC 3064
4 bed, 3 bath, dual kitchen | larger block than neighbours | premium street position | opulent finish with ensuite soaking tub
The property at 24 Erasmus Avenue presents a competitively rare configuration for Craigieburn: a four-bedroom, three-bathroom home on a land size notably larger than the adjacent 25 Erasmus. The dual kitchen layout and ensuite with soaking bathtub are not typical for the street, giving this house a clear edge for families or professionals seeking move-in-ready luxury without a premium suburb price. The buyer is positioned to acquire a home that out-specs recent sales nearby, which suggests stronger resale appeal and rental demand. This property serves best those who value space and finish over absolute entry price, and who intend to hold medium-term.
The primary risk is that the off-market status and varied land size reports may create valuation uncertainty at settlement, costing the buyer time or leverage in negotiation. However, the December 2025 sale at 25 Erasmus for $695k on a 263mยฒ lot provides a concrete floor for comparison, and the larger block here justifies a clear premium. The opportunity is to negotiate firmly below the $805k estimate, using the smaller neighbour as a benchmark. Hold this property for capital growth driven by suburb dynamics and its superior configuration, or rent it out for strong yield given the family-oriented street and school zoning.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24 Erasmus Avenue, Craigieburn VIC 3064
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.