48 Medway Road, Craigieburn, Vic 3064

$660,000

House
Type
3
Bedrooms
2
Bathrooms
2
Parkings
654 m²
Area

Last updated on Tuesday, June 16, 2026 ( See property details for 48 Medway Road, Craigieburn, Vic 3064)

$660,000

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A versatile family home on a large block in a prime Craigieburn location, offering excellent future development potential and immediate rental income.

🏡 Property Highlights

  • Prime location on Craigieburn’s sought-after Medway Road
  • Substantial 654sqm allotment with future subdivision potential (STCA)
  • Well-sized 3-bedroom home with ensuite and walk-in robe in the master
  • Dual living arrangement with separate dining and functional kitchen
  • Ample off-street parking with long driveway for future development
  • Currently tenanted with flexible lease, providing immediate rental income

✨ Key Features

  • Ensuite
  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area
  • Built-in Robes
  • Garage / Secure Parking
  • External Storage (Shed/Linen)
  • Pet-Friendly
  • Security Screens / Gates
  • NBN / High-Speed Ready

Craigieburn is a vibrant suburb known for its family-friendly environment, excellent schools, and convenient access to major shopping centres like Craigieburn Central. The area boasts extensive parklands, public transport options including train stations and bus routes, and a strong community feel. Its ongoing growth and development make it an ideal location for both homeowners and investors seeking long-term value.

What is the current condition of the property?
The property is well-maintained and move-in ready, with modern amenities and a functional layout suitable for families.
Is there scope for future development or subdivision?
Yes, the large 654sqm allotment offers exciting potential for subdivision (STCA), making it an attractive option for investors and developers.
What are the nearby amenities and services?
The property is close to quality schools, major shopping centres including Craigieburn Central, Craigieburn Train Station, medical centres, parklands, and public transport routes.
Is the property currently tenanted?
Yes, it is currently rented on a month-to-month basis, with tenants willing to stay for at least 12 months, providing immediate rental income.
Are there any restrictions or planning considerations for future development?
Development is subject to council approval (STCA), and prospective buyers should conduct their own due diligence regarding zoning and planning regulations.
Are there any hidden costs or upcoming maintenance requirements not disclosed? Has the property been affected by any flooding, bushfire risks, or environmental hazards? Are there any existing easements, covenants, or zoning restrictions that could impact future development? Is there any ongoing or planned construction nearby that could affect the property’s value or livability? Are there strata or body corporate fees applicable if any shared amenities are involved? What are the council rates and potential development levies? Are there any known issues with the property's foundation, plumbing, or electrical systems? Is the property compliant with all building codes and regulations? What are the terms of the current tenancy agreement, and are there any restrictions on future use? Are there any neighbourhood or community restrictions that could impact property modifications or usage?

48 Medway Road, Craigieburn, Vic 3064 - More Details

$660,000

Type
House
Bedrooms
3
Bathrooms
2
Parkings
2
Area
654 m²

Price guide

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