SOLD
Sold on 20 Sep 2024 for $2,860,000

1079 South Road
Melrose Park SA 5039

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1411m2
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Property Details for 1079 South Rd, Melrose Park

Building Type
Commercial
Year Built
1950
Land Size
1411m2
Local Government
Mitcham
Lot/Plan
A2/D3280

Property History for 1079 South Rd, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$2,860,000
20 Sep 2024
  • 20 Sep 2024
    Sold for $2,860,000

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About Melrose Park 5039

The size of Melrose Park is approximately 1.3 square kilometres. It has 4 parks covering nearly 1.5% of total area. The population of Melrose Park in 2011 was 2,134 people. By 2016 the population was 2,219 showing a population growth of 4.0% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 66.6% of the homes in Melrose Park were owner-occupied compared with 68.2% in 2016.

Melrose Park has 1,181 properties. Over the last 5 years, Houses in Melrose Park have seen a 73.83% increase in median value, while Units have seen a 69.82% increase. As at 30 September 2024:

  • The median value for Houses in Melrose Park is $1,070,122 while the median value for Units is $562,706.
  • Houses have a median rent of $585 while Units have a median rent of $400.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Melrose park.

Suburb Insights for Melrose Park 5039

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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.