SOLD
Sold on 12 Aug 2024 for $277,100

4/1 Reserve Road W
Melton VIC 3337

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 98m2
Land area: 152m2
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Property Details for 4/1 Reserve Rd W, Melton

4/1 Reserve Rd W, Melton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1984. The property has a land size of 152m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Melton in the last 12 months.

Building Type
Unit
Year Built
1984
Floor Size
98m2
Land Size
152m2
Local Government
Melton
Lot/Plan
4/SP23481

Last Listing description (November 2024)

Welcome to 4/1 Reserve road west, Melton.

Comprising of a comfortable living domain upon entry, two large bedrooms with built in robes, a bright and spacious central bathroom including bathtub, separate laundry, a modern kitchen featuring ample bench space, storage and functionality and an open adjoining meals area for dining.

Moving outside, the property comes further complimented by a concreted court yard for entertaining, with low maintenance gardens and access to your very own one car lock-up garage.

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Property History for 4/1 Reserve Rd W, Melton, VIC 3337

A timeline of how this property has performed in the market
Last Sold
$277,100
12 Aug 2024
  • 06 Nov 2024
    Listed for Rent $390 / week
  • 12 Aug 2024
    Sold for $277,100
  • 17 May 2017
    Sold for $240,000
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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 5,170 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 55 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.

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