OFF MARKET

5/1 Reserve Road W
Melton VIC 3337

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 98m2
Land area: 156m2
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Property Details for 5/1 Reserve Rd W, Melton

5/1 Reserve Rd W, Melton is a 2 bedroom, 1 bathroom Unit and was built in 1984. The property has a land size of 156m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1984
Floor Size
98m2
Land Size
156m2
Local Government
Melton
Lot/Plan
5/SP23481

Last Listing description (August 2021)

This recently renovated 2 bedroom unit, located walking distance to the High Street shopping precinct, all level schools, public transport and walking tracks offering two sizeable bedrooms with built in robes, central bathroom with separate shower, security shutting on most windows, renovated kitchen with ample cupboard and bench space, brand new stainless gas cooking appliances, overlooking the dining and lounge which includes heating and cooling, direct access to the pergola from the meals area and to the single garage.


**PLEASE NOTE - IMPORTANT**
INSPECTION TIMES will be displayed on this page when the property is ready for viewing. They are subject to cancellation or change up until 12pm on the day of the open. Please check this page prior to attending any inspections.

***PLEASE NOTE - DUE TO GOVERNMENT GUIDELINES, ALL INSPECTIONS ARE RESTRICTED TO 10 PEOPLE ONLY. PLEASE REGISTER YOUR ATTENDANCE BY EMAILING THE PROPERTY MANAGER. ALL INSPECTIONS ARE SUBJECT TO STRICT COVID-19 PROTOCOLS AND ENTRY WILL NOT BE PERMITTED WITHOUT PRIOR REGISTRATION.***

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Property History for 5/1 Reserve Rd W, Melton, VIC 3337

A timeline of how this property has performed in the market
Last Sold
$270,000
13 Apr 2021
Listed for Rent
$280/w
08 Aug 2021
  • 09 Jul 2021
    Listed for Rent $280 / week
  • 13 Apr 2021
    Sold for $270,000
  • 22 Jan 2021
    Listed for Sale $270,000 - $290,000
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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 5,125 properties. Over the last 5 years, Houses in Melton have seen a 23.99% increase in median value, while Units have seen a 14.12% increase. As at 30 September 2024:

  • The median value for Houses in Melton is $475,219 while the median value for Units is $370,444.
  • Houses have a median rent of $400 while Units have a median rent of $370.
There are currently 47 properties listed for sale, and 22 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 211 properties were sold in the past 12 months in Melton.

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