28/335 Grand Boulevard, Craigieburn VIC 3064
28/335 Grand Boulevard, Craigieburn VIC 3064
2-bed townhouse | 127 m² | 2-car parking | Craigieburn corridor | investor/first-home fit
This townhouse holds a practical edge for its size class—127 m² with two dedicated car spaces is a configuration that suits first-home buyers and investors who want more than a basic unit. It sits within an established townhouse precinct on Grand Boulevard, where similar stock trades actively and the surrounding area supports steady rental demand with a 60/40 owner-occupier to renter split. The proximity to Mount Ridley P-12 College and Newbury Primary School strengthens its appeal for young families, while the low-maintenance layout and private courtyard character common to this corridor make it a straightforward, tenant-friendly property. For a buyer seeking an entry-level townhouse with parking and school access, this is a solid, uncomplicated option in a liquid market.
Value may be shaped by the absence of a confirmed premium aspect or standout finish, as this appears to be standard suburban stock rather than a differentiated lot. The two-level layout separating living and sleeping zones adds functional appeal, but the lack of verified build year or renovation level means condition should be inspected closely. Market activity on the street suggests consistent interest from similar buyers, so pricing may hinge on presentation and how the property compares to other two-bed units in the complex. Rental income potential around $550 per week for the suburb supports investor calculations, though exact yield depends on final purchase price and outgoings.
Detailed Independent Property Report prepared by PropCred Analyst team for 28/335 Grand Boulevard, Craigieburn VIC 3064
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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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: 21/335 Grand Boulevard sold as 2-bed townhouse with park views; 7/335 Grand Boulevard listed at $625,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition, layout functionality, car accommodation, school proximity
Bedrooms
2
Bathroom
1
Parking
1
Land
126m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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