FOR SALE
Expression Of Interest

64 Andrew Street
Melton South VIC 3338

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3144m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Unveiling Opportunity: Prime Development Potential in Melton South

Introducing a rare gem nestled at 1-10/64 Andrew Street, Melton South, Vic 3338 - a sprawling expanse spanning 3144m2 of potential. This property, offered for sale via expression of interest, beckons savvy investors, developers, and builders to seize an unparalleled opportunity.
Encompassing a ten-unit block, this property is a canvas awaiting your creative touch. Whether you choose to breathe new life into the existing units with a comprehensive renovation or embark on a grand redevelopment project, the possibilities are boundless. Imagine the transformation that awaits, with each unit offering endless potential for modernization and customization.
Conveniently located just off the Western Highway and surrounded by similar unit developments, this property boasts an enviable position in a thriving locale. Its proximity to essential amenities, transport links, and recreational facilities further enhances its appeal, promising a lifestyle of convenience for future occupants.
For astute investors and developers, this property has already been subdivided, streamlining the development process. With all ten titles included in the purchase, the groundwork has been laid, offering a seamless transition towards realizing your vision. However, please note that any development plans are subject to council approval.
Don't miss out on this exceptional opportunity to shape the landscape of Melton South. Whether you're an experienced developer seeking your next project or an investor with an eye for potential, this property represents the epitome of possibility. Enquire now and unlock the door to endless opportunities in this thriving community.
View Statement of Information

Property Details for 64 Andrew St, Melton South

Building Type
Land
Land Size
3144m2

Commute Calculator

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 7,604 properties. Over the last 5 years, Houses in Melton South have seen a 29.48% increase in median value, while Units have seen a 11.06% increase. As at 31 July 2024:

  • The median value for Houses in Melton South is $491,375 while the median value for Units is $356,377.
  • Houses have a median rent of $410 while Units have a median rent of $360.
There are currently 105 properties listed for sale, and 35 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 346 properties were sold in the past 12 months in Melton south.

Melton South Profile Page

Suburb Insights for Melton South 3338

Visit Melton South profile page
Market Insights
Melton South Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Melton South Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Melton South profile page
Contact agent
Shubham Rana
Show contact details
Call agent
Sandy Rana
Show contact details
Call agent
RELIANCE REAL ESTATE MELTON
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED