FOR SALE
$380,000 - $410,000

46 Second Avenue
Melton South VIC 3338

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 602m2
Auction Time
Sat 30 Nov 2:30 pm
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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AUCTION ALERT: 30th November 2024 at 2:30 PM.!

Situated on a generous 602 sqm block in a sought-after Residential Growth Zone - schedule 1, this property is equipped with 3-bedroom, 1-bathroom offering incredible potential for renovation or development (STCA). Whether you're looking to update the existing home or explore subdivision opportunities, this property is a blank canvas awaiting your vision. This property is a gem for savvy investors. Its prime position and appeal to potential tenants due to location ensures high rental demand and promising returns on investment.
Key Features:
· Land Size: 602 sqm with great potential for subdivision (STCA)
· Bedrooms: 3 spacious bedrooms with central bathroom, ideal for family living or investment
· Location: Prime, convenient location within walking distance to Station Square shopping complex, train station, bus stops, and freeway entrances
· Proximity to Schools: Close to all levels of schooling, making it perfect for families
· Development Potential: Perfect for investors or those looking to capitalize on the Residential Growth Zone (STCA)
Get in contact now as we assure you this won't last long!
Contact Raj Pratap on 0404 941 291.
Please see the link below for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
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Property Details for 46 Second Ave, Melton South

46 Second Ave, Melton South is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 602m2. The place is currently for sale with RELIANCE REAL ESTATE MELTON.

Building Type
House
Land Size
602m2

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About Melton South 3338

The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years. Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016.

Melton South has 7,590 properties. Over the last 5 years, Houses in Melton South have seen a 26.61% increase in median value, while Units have seen a 7.81% increase. As at 31 October 2024:

  • The median value for Houses in Melton South is $496,829 while the median value for Units is $351,985.
  • Houses have a median rent of $420 while Units have a median rent of $370.
There are currently 97 properties listed for sale, and 48 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 345 properties were sold in the past 12 months in Melton south.

Suburb Insights for Melton South 3338

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Raj Pratap
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RELIANCE REAL ESTATE MELTON
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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.