FOR SALE
$1,800,000

Contact Agent For Address
Melton South VIC 3338

Bedrooms: 9
Bathrooms: 9
Car spaces: 4
Floor area: 296m2
Land area: 716m2
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HIGH YIELD, HIGH GROWTH INVESTMENT OPPORTUNITY: $100K INSTANT EQUITY

The Phone Code for this property is: 51407. Please quote this number when phoning or texting.
Co-Living is all the rage right now, and here is an opportunity to secure your first and start bringing in the cash.
The numbers:
+Valuation of $1,900,000 ($100k instant capital growth)
+Rental returns circa $163,000
+Depreciation $44,000 year 1
+EBITDA $129,180 (projected}
+Land Tax Exempt
Brand new and tenant ready, this property is made up of 9 studios and finished in high quality fixtures and fittings ensuring you attract the best tenants, at the best rental return.
Situated in a quiet street and adjacent to parklands, each fully furnished studio includes the following:
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Property Details for Contact Agent For Address, Melton South

Contact Agent For Address, Melton South is a 9 bedroom, 9 bathroom House with 4 parking spaces. The property has a land size of 716m2 and floor size of 296m2. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
House
Floor Size
296m2
Land Size
716m2

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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 7,607 properties. Over the last 5 years, Houses in Melton South have seen a 30.07% increase in median value, while Units have seen a 12.59% increase. As at 31 August 2024:

  • The median value for Houses in Melton South is $497,752 while the median value for Units is $364,457.
  • Houses have a median rent of $420 while Units have a median rent of $360.
There are currently 110 properties listed for sale, and 38 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 344 properties were sold in the past 12 months in Melton south.

Suburb Insights for Melton South 3338

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For Sale By Owner (VIC)
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For Sale By Owner Australia Pty. Ltd.
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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.