SOLD
Sold on 14 May 2024 for $1,540,000

3 Graham Street
Melton VIC 3337

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2134m2
Sold By
ARBEE REAL ESTATE PROFESSIONALS - BACCHUS MARSH
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Property Details for 3 Graham St, Melton

Building Type
Commercial
Land Size
2134m2
Local Government
Melton
Lot/Plan
2/LP93473

Last Listing description (August 2020)

4,263m (approx. 1.05 Acres) It is offered as a unique, seldom found opportunity for the prudent, Lateral thinking Investor/Developer and/or Owner/Occupier to secure a parcel of Commercial land within the main precincts of the Bacchus Marsh Central Business District. Situated within 200 metres of Main Street adjoining the southern boundary of
Flanagans Hotel (formerly Border Inn) and opposite Alan Mance showrooms and workshop, it is indeed a unique offering. Westpac Bank, Commonwealth Bank, Bacchus Marsh News-agency, Bacchus Marsh Farm Supplies, retail premises and Commercial offices are all within close proximity. The size of this site allows for a variety of configurations for developments which fit into the Business 1 zoning of the land under the Moorabool Planning Scheme. Whilst the property is being offered as/where is, the Moorabool Shire Council has obtained
a quotation to shift the easements (plans available on request) which would

allow for greater flexibility in design and use.
Zoning: Business 1 arbeerealestate.com.au PID 648136
Solicitors: Nevett Ford of 40 Armstrong Street, Ballarat
Price: $990,000 (includes GST of 10%)

Property History for 3 Graham St, Melton, VIC 3337

A timeline of how this property has performed in the market
Last Sold
$1,540,000
14 May 2024
Listed for Rent
$200k/w
25 Oct 2023
  • 14 May 2024
    Sold for $1,540,000
  • 18 Mar 2022
    Transferred
  • 22 Feb 2019
    Listed for Rent - Price not available
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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 5,168 properties. Over the last 5 years, Houses in Melton have seen a 22.11% increase in median value, while Units have seen a 23.33% increase. As at 30 November 2024:

  • The median value for Houses in Melton is $474,970 while the median value for Units is $375,335.
  • Houses have a median rent of $400 while Units have a median rent of $380.
There are currently 53 properties listed for sale, and 25 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 215 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.