OFF MARKET

3/11 Reserve Road W
Melton VIC 3337

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 211m2
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Property Details for 3/11 Reserve Rd W, Melton

3/11 Reserve Rd W, Melton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1991. The property has a land size of 211m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Unit
Year Built
1991
Floor Size
90m2
Land Size
211m2
Local Government
Melton
Lot/Plan
3/RP19685

Last Listing description (February 2023)

Located only 2 blocks off High Street, this 2 Bedroom unit is ideally located in the heart of Melton with easy access to shops, medical centre, local parks, golf club and many other points of interest. The unit features a single bathroom, 2 air-conditioning units, gas wall heating and also offers a single lock up garage. Currently leased out to a great tenant paying $250 per week on a month-to-month lease.

Property History for 3/11 Reserve Rd W, Melton, VIC 3337

A timeline of how this property has performed in the market
Last Sold
$360,000
03 Jan 2023
Listed for Rent
$250/w
01 Feb 2019
  • 03 Jan 2023
    Sold for $360,000
  • 17 Oct 2021
    Sold for $319,000
  • 21 Sep 2021
    Listed for Sale $319,000
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About Melton 3337

The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2011 was 7,592 people. By 2016 the population was 8,063 showing a population growth of 6.2% in the area during that time. The predominant age group in Melton is 60-69 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a trades occupation. In 2011, 64.8% of the homes in Melton were owner-occupied compared with 63.2% in 2016.

Melton has 5,161 properties. Over the last 5 years, Houses in Melton have seen a 22.63% increase in median value, while Units have seen a 13.90% increase. As at 31 October 2024:

  • The median value for Houses in Melton is $473,058 while the median value for Units is $373,025.
  • Houses have a median rent of $400 while Units have a median rent of $375.
There are currently 55 properties listed for sale, and 21 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in Melton.

Suburb Insights for Melton 3337

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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.