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VIC › Craigieburn › Lakes Dr

41 Lakes Dr, Craigieburn VIC 3064

For saleHouse for Sale

$29,100

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

480 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $29,100 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $29,100(Listing record · 5 Aug 2026)
  • FactLand 480 m²; no building size recorded.(Property record)
  • CalculationIf it leased at Craigieburn's advertised median rent ($533/wk), implied gross yield would be 95.24% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$29,100

Asking · $61/m² of land

No recorded sale for this property.

Craigieburn at a glance

71,986

People

No data

Median sale

$533/wk

Median rent

No data

Suburb gross yield

See the full Craigieburn report →

Total cost to purchase

Purchase Price
$29,100
Stamp Duty (Victoria)
$448
Transfer/Registration Fee
$172
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$33,420

$4,320 on top of the price (14.8% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Craigieburn's advertised median rent — not a rent for this listing.

Net yield
93.74%
Annual cashflow (pre-tax)
$25,766
Interest cover (DSCR)
18.03
Annual rent
$27,716
Operating expenses
$437
Loan amount
$23,280
Annual interest
$1,513
Gross yield
95.24%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$29,100available4 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $533/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 95.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Craigieburn in one glance

Craigieburn at a glance

71,986

People

No data

Median sale

$533/wk

Median rent

No data

Suburb gross yield

See the full Craigieburn report →

Keep researching

  • Why Craigieburn? Read the area thesis →
  • What else is on the market in Craigieburn →
  • Other records on Lakes Dr →

Listing material

Listed by Bombay Real Estate

Masterful Single Level Living Opposite Picturesque Parkland

Where serene parkside vistas meet generous architectural proportions, this distinguished single-story residence sets a new benchmark for relaxed suburban living. Thoughtfully planned from front to back, the home draws you through warm interior spaces out to an impressive alfresco pavilion, creating a complete environment where family memories unfold naturally.

Exceptional Living Spaces and Superior Features

Dedicated master sanctuary secluded at the front of the home, featuring a generous walk in dressing room and a private light filled ensuite

Read the full description

Three additional spacious bedrooms positioned quietly along the rear and side wings, each equipped with built in wardrobes and serviced by a central family bathroom with a deep soaking tub

Expansive formal lounge area near the foyer, providing an intimate setting for quiet evening relaxation, reading, or formal guest hosting

Light drenched central open plan living and dining hub surrounding a modern kitchen with built in pantry storage, ample prep space, and counter seating

Rooftop solar panel system providing sustainable energy efficiency and reduced power bills

Essential functionality integrated throughout, including a dedicated laundry with direct exterior access, separate powder room, security roller shutters, and climate control options

Substantial outdoor entertainment pavilion featuring high pitched gabled roofing, lattice screening, and ambient lighting crafted for year round gatherings

Broad sun drenched backyard lawn framed by secure fencing, tropical foliage, fruit trees, and a standalone garden shed

Single lockup garage complemented by an extended paved driveway providing generous off street parking options

Prime Location and Premier Community Connectivity

Idyllic setting directly adjoined by sweeping green reserves, picturesque walking trails, and family friendly adventure playgrounds

Exceptional access to esteemed local educational options including Roxburgh Rise Primary School, Aitken Hill Primary School, Roxburgh College, and Kolbe Catholic College

Comprehensive local healthcare access with nearby medical facilities including Craigieburn Family Medical Centre, Craigieburn Central Medical Centre, and local health practices

Rapid commuting convenience via nearby Craigieburn Train Station and Roxburgh Park Station, connecting directly to central Melbourne

Direct road links to major arterial routes, offering effortless transit toward Melbourne CBD and Melbourne Airport

Moments from vibrant retail and dining destinations including Craigieburn Central, Roxburgh Village, and local shopping precincts

This residence offers an extraordinary opportunity to secure a home where generous space, impressive outdoor hosting, and ultimate location convenience come together in complete harmony.

Due diligence checklist - for home and residential property buyers -

http://www.consumer.vic.gov.au/duediligencechecklist

Listing description written by Bikram Sidhu, Bombay Real Estate — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.