FOR SALE
$665000-$695000

6 Vasey Court
Melton South VIC 3338

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 133m2
Land area: 933m2
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Prime Location With Approved Plans & Permit 3 Unit Development 933m2

Discover a fantastic investment opportunity at 6 Vasey Court, Melton South!
This modest 3-bedroom home is set on a large 933m2 block of land, making it an ideal choice for families looking for a bigger than average block and developers alike. The property comes with approved plans for a three-unit development, presenting an exceptional chance to maximize your investment potential in a thriving area.
- **Prime Location:** Situated in the heart of Melton South, this property offers convenient access to local amenities, schools, parks, and Melton train station and soon to be built Melton Hospital.
The well-appointed home features three comfortable bedrooms, providing ample space for family living or rental potential.
The property is currently leased with a long-term tenant in place at $19760.00 pa, offering immediate rental income for savvy investors.
The property includes a single steel garage, providing secure parking and extra storage options.
With a permit for a three-unit development already approved, this property is a golden opportunity for investors looking to capitalize on Melton South's growth.
Don’t miss out on this rare opportunity to secure a large parcel of land with development potential in a sought-after location, all while enjoying a steady rental income! Whether you’re looking to move in, renovate, or develop, 6 Vasey Court has the versatility to meet your needs!
For more information or to arrange a viewing, please contact us today!
Property Code: 1965
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Property Details for 6 Vasey Ct, Melton South

6 Vasey Ct, Melton South is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 933m2 and floor size of 133m2. The place is currently for sale with Coopers Real Estate - WILLIAMSTOWN.

Building Type
House
Floor Size
133m2
Land Size
933m2

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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 7,595 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 96 properties listed for sale, and 55 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 342 properties were sold in the past 12 months in Melton south.

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Suburb Insights for Melton South 3338

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Ross Cooper
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Coopers Real Estate - WILLIAMSTOWN
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