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Sold on 09 Apr 2024 - Price Unavailable

16 Maloney Avenue
Craigieburn VIC 3064

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 401m2
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Property Details for 16 Maloney Ave, Craigieburn

16 Maloney Ave, Craigieburn is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 401m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom House sold in Craigieburn in the last 12 months.

Building Type
House
Land Size
401m2

Last Listing description (April 2024)

In the dynamic landscape of real estate investment, certain properties stand out as prime opportunities for both homeowners and investors. A residence situated in Craigieburn, within walking distance to Newbury School, Highlands Shopping Centre, Pelican Childcare, Community Centre, and the Highlands Hotel, presents an enticing proposition. Boasting not only convenience and accessibility but also promising potential for growth and lucrative rental income, this property type represents a strategic investment choice in the heart of Craigieburn.

The location of this residence within walking distance to essential amenities is a significant drawcard. Newbury School offers families the assurance of quality education for their children, while Pelican Childcare provides convenience and peace of mind to working parents. Additionally, the nearby Highlands Shopping Centre caters to residents' daily needs, with a diverse range of retail outlets, dining options, and services. The presence of a community centre fosters a sense of belonging and engagement within the neighborhood, while the Highlands Hotel serves as a social hub for residents to unwind and socialize. This proximity to essential amenities enhances the quality of life for residents and adds intrinsic value to the property.

Beyond its immediate surroundings, Craigieburn boasts significant potential for growth and development. As a thriving suburb on the outskirts of Melbourne, it is experiencing rapid expansion and urbanization. Infrastructure projects, such as improved transport links and community facilities, are underway, further enhancing the area's appeal. With increasing demand for housing and limited supply, property values in Craigieburn are poised for substantial appreciation in the foreseeable future. This presents an attractive opportunity for investors seeking to capitalize on capital gains and rental income.

Furthermore, the potential for rental income adds another layer of appeal to investing in this property type. With its strategic location and proximity to essential amenities, the residence is well-positioned to attract tenants seeking convenience and accessibility. The high demand for rental properties in Craigieburn, driven by population growth and employment opportunities, ensures a steady stream of rental income for investors, providing a reliable source of cash flow and long-term returns on investment.

In conclusion, investing in a residence in Craigieburn, within walking distance to essential amenities and boasting promising growth potential, presents a strategic opportunity for homeowners and investors alike. The convenience of proximity to schools, shopping centers, childcare facilities, and community services, coupled with the promise of substantial appreciation in property values and lucrative rental income, makes this property type an attractive proposition in the heart of Craigieburn. By recognizing and embracing the inherent opportunities of this investment, individuals can secure their financial future and reap the rewards of owning a property in this vibrant and rapidly growing suburb.

Please contact Bobby Kosuri on 0421 162 787 for any further assistance.

Due diligence checklist - for home and residential property buyers -
http://www.consumer.vic.gov.au/duediligencechecklist

Property History for 16 Maloney Ave, Craigieburn, VIC 3064

A timeline of how this property has performed in the market
Last Sold
09 Apr 2024
Listed for Rent
$470/w
23 Mar 2023
  • 03 Apr 2024
    Sold for $620,000
  • 13 Mar 2024
    Listed for Sale Auction Saturday 13th April 2024 AT 10:00AM
  • 23 Feb 2023
    Listed for Rent $470 / week
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About Craigieburn 3064

The size of Craigieburn is approximately 35.5 square kilometres. It has 100 parks covering nearly 10.4% of total area. The population of Craigieburn in 2011 was 32,756 people. By 2016 the population was 50,364 showing a population growth of 53.8% in the area during that time. The predominant age group in Craigieburn is 30-39 years. Households in Craigieburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Craigieburn work in a trades occupation. In 2011, 78.8% of the homes in Craigieburn were owner-occupied compared with 69.4% in 2016.

Craigieburn has 25,698 properties. Over the last 5 years, Houses in Craigieburn have seen a 26.32% increase in median value, while Units have seen a 14.21% increase. As at 31 October 2024:

  • The median value for Houses in Craigieburn is $687,906 while the median value for Units is $447,074.
  • Houses have a median rent of $550 while Units have a median rent of $460.
There are currently 139 properties listed for sale, and 83 properties listed for rent in Craigieburn on OnTheHouse. According to CoreLogic's data, 1057 properties were sold in the past 12 months in Craigieburn.

Suburb Insights for Craigieburn 3064

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Contact agent
Moey Khalil
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Bobby Kosuri
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Bombay Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.