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Lot 242 - Driftwood Street - Mickleham
Mickleham, Melbourne, VIC, 3064$ 761,000
Overview
Property ID: LA-11248
- House and Land
- Property Type
- 4
- Bedrooms
- 2
- Bathrooms
- 2
- Cars
- 197
Details
Updated on Jun 06, 2025 at 12:01 pm
Property Type: | House and Land |
---|---|
Price: | $ 761,000 |
Land Price: | $ 396,000 |
Build Price: | $ 365,000 |
Gross Per Week: | $ 550 |
Gross Per Annum: | $ 28,600 |
Gross Yield: | 3.76% |
Capital Growth 12 Months: | 0.85% |
Capital Growth 10 Year Annualised: | 6.02% |
Vacancy Rate: | 2.30% |
Property Size: | 197 m2 |
Land Area: | 349 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 2 |
Parking: | 2 |
Title Status: | Registered |
Property ID: | 11248 |
SKU: | 1001 |
Description
*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*
Mickleham is a rapidly growing suburb located about 32 km north of Melbourne’s CBD. Once a semi-rural area, Mickleham has transformed into a key residential hub in Melbourne’s northern growth corridor, attracting families, first-home buyers, and investors looking for modern housing and a suburban lifestyle. The suburb is known for its new housing estates, spacious properties, and strong community feel while still offering easy access to the city and key amenities.
As Mickleham continues to develop, local amenities are expanding to support the growing population. The Merrifield City Shopping Centre is the main retail hub, featuring supermarkets, specialty stores, cafes, and essential services. Residents also have access to larger shopping precincts in nearby Craigieburn, including Craigieburn Central and Highlands Shopping Centre, which offer a wide range of retail, dining, and entertainment options.
Outdoor recreation is a key part of Mickleham’s appeal. The suburb is designed with plenty of parks, playgrounds, and open spaces, catering to families and outdoor enthusiasts. The nearby Mount Ridley Nature Reserve provides walking trails and scenic views, while the local sports clubs and facilities support football, cricket, and other community activities. Future developments are expected to bring even more recreational spaces, ensuring a balanced lifestyle for residents.
Education in Mickleham is improving as new schools are being built to accommodate the suburb’s growth. Existing schools include Mickleham Primary School and Gaayip-Yagila Primary School, while nearby Craigieburn offers additional public and private options such as Aitken College and Hume Anglican Grammar. Plans for further educational facilities, including secondary schools and childcare centres, are in place as the suburb continues to expand.
Transportation is a mix of road and public transit options. Mickleham is well-connected to major roads, including the Hume Freeway and Mickleham Road, providing easy access to Melbourne’s CBD and surrounding suburbs. Public transport options include bus services linking Mickleham to Craigieburn, where residents can access the Craigieburn train station for a direct rail connection to the city. As the population grows, improvements to public transport infrastructure are expected to enhance connectivity further.
Overall, Mickleham is an emerging suburb offering modern housing, growing infrastructure, and a family-friendly environment. With its close proximity to key shopping centres, schools, and transport links, it is becoming an increasingly attractive option for those looking to settle in Melbourne’s northern suburbs while enjoying a mix of urban convenience and open space.
Disclaimer*
Reservation Requirements:
1. Completed EOI (Property Reservation form under Fusion CRM Online Forms)
2. Holding deposit receipt (amount TBA)
3. Copy of client's finance pre-approval letter/comfort letter from the broker
4. Copy of client's ID
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Address
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.