3 Smith StreetMelton VIC 3337
Property Details for 3 Smith St, Melton
3 Smith St, Melton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 751m2.
Last Listing description (September 2015)
Situated in the heart of Melton and only a short stroll to High Street shops is where you find this fantastic investment opportunity.
Both units offer 2 spacious bedrooms which are serviced by a central light filled bathroom and open plan kitchen/meals and living area.
Currently leased to long term tenants (over 15 years) and paying $200 per week, this property represents smart investing for the first time or astute investor.
Property History for 3 Smith St, Melton, VIC 3337
- 29 Jul 2015Listed for Sale $180,000-$199,000
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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.
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