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Sold on 30 Aug 2024 - Price Unavailable

157 James Melrose Drive
Brookfield VIC 3338

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
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Property Details for 157 James Melrose Dr, Brookfield

157 James Melrose Dr, Brookfield is a 4 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Brookfield in the last 12 months.

Building Type
House
Local Government
Melton
Lot/Plan
219/PS641058

Last Listing description (August 2024)

This four-bedroom home offers ample space and modern amenities, making it an attractive investment opportunity. Here's a detailed description:

Bedrooms:

The house boasts four spacious bedrooms, providing plenty of accommodation for a family or guests.

The master bedroom features a luxurious walk-in robe, offering ample storage space for clothing and accessories.
Additionally, the master bedroom includes an ensuite bathroom for added convenience and privacy.
Bathrooms:

In addition to the ensuite in the master bedroom, there are two bathrooms in total, ensuring that there's ample space for the household's needs.
Living Zones:

The house boasts multiple living zones, providing versatile spaces for relaxation, entertainment, and everyday living.
These living zones could include a formal lounge, a family room, a media room, or a study, catering to various lifestyle preferences.
Garage:

A double garage provides secure parking for two vehicles, offering convenience and protection from the elements.
Investment Opportunity:

With a two-year lease in place, this property presents a fantastic investment opportunity, offering a steady stream of rental income for the duration of the lease.
The property's desirable features, such as multiple bedrooms, modern amenities, and ample living space, are likely to attract tenants, ensuring high occupancy rates and potential for long-term returns.
Land Size:

Situated on a 544m² land parcel, this property offers a sizable outdoor area for potential landscaping, outdoor entertaining, or future expansion possibilities.
Overall, this four-bedroom home with multiple living zones, double garage, and attractive lease terms presents a compelling investment opportunity in a desirable location.

Property History for 157 James Melrose Dr, Brookfield, VIC 3338

A timeline of how this property has performed in the market
Last Sold
30 Aug 2024
Listed for Rent
$330/w
07 Sep 2016
  • 18 Aug 2024
    Sold for $491,600
  • 16 Apr 2024
    Listed for Sale $490,000- $520,000
  • 29 Aug 2016
    Listed for Rent - Price not available
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About Brookfield 3338

The size of Brookfield is approximately 10.7 square kilometres. It has 21 parks covering nearly 19.9% of total area. The population of Brookfield in 2011 was 6,104 people. By 2016 the population was 9,209 showing a population growth of 50.9% in the area during that time. The predominant age group in Brookfield is 0-9 years. Households in Brookfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Brookfield work in a clerical occupation. In 2011, 75.7% of the homes in Brookfield were owner-occupied compared with 68.1% in 2016.

Brookfield has 4,329 properties. Over the last 5 years, Houses in Brookfield have seen a 28.41% increase in median value, while Units have seen a 18.62% increase. As at 31 August 2024:

  • The median value for Houses in Brookfield is $594,839 while the median value for Units is $444,691.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 54 properties listed for sale, and 15 properties listed for rent in Brookfield on OnTheHouse. According to CoreLogic's data, 212 properties were sold in the past 12 months in Brookfield.

Suburb Insights for Brookfield 3338

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Brendon Grech
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Mia Nguyen
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Raine & Horne Diggers Rest
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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.