150 Lancaster Ave, Melrose Park is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1954. The property has a land size of 799m2 and floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 4 bedroom House sold in Melrose Park in the last 12 months.
Set on an enormous 784sqm block on the banks of the Parramatta River, this well-maintained freestanding home is ready to welcome its next family, yet comes with pre-approved architect plans for a stunning brand-new residence. It makes a generous and comfortable property with a spacious interior layout featuring an abundance of natural light and spectacular water views. Ready to move right in now, this is an excellent opportunity to create your waterfront dream in a quiet street with the convenience of Rivercat ferries, Melrose Park boat ramps, local schools, acres of parkland and playing fields, all within a stroll from the front door.
Melrose Park, just a short walk away, is undergoing a revitalization project. This initiative seeks to create jobs, expand housing, and enhance the community with new facilities and public spaces. The urban activation precinct in Wentworth Point is taking shape with a 3.9-hectare park, three pocket parks, residential neighbourhoods, a new school, and a scenic foreshore. This area connects seamlessly to Sydney Olympic Park through pedestrian and cycle paths. Plans also include extending the Homebush Bay promenade to feature a lively maritime plaza with shops and cafes, enriching the waterfront experience.
- A prime waterfront position and easterly views up the length of the river
The size of Melrose Park is approximately 1 square kilometres. It has 7 parks covering nearly 14.5% of total area. The population of Melrose Park in 2011 was 1,471 people. By 2016 the population was 1,556 showing a population growth of 5.8% in the area during that time. The predominant age group in Melrose Park is 40-49 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 81.6% of the homes in Melrose Park were owner-occupied compared with 84.4% in 2016.
Melrose Park has 1,391 properties. Over the last 5 years, Houses in Melrose Park have seen a 80.32% increase in median value, while Units have seen a -16.65% decrease. As at 31 August 2024:
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