55 Mckenzie StreetMelton VIC 3337
Property Details for 55 Mckenzie St, Melton
55 Mckenzie St, Melton is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 1012m2 and floor size of 205m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (January 2022)
+ Prime 1,012 sqm site with DA approval for 110 place child care facility
+ Architecturally designed two-storey facility with basement parking for 19 cars
+ Outstanding opportunity for either a developer or an owner / operator to construct within an existing residential location
+ Located within easy access of both the Western Freeway and Melton Highway and only 35 kilometres west from Melbourne's CBD
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ City of Melton: One of the fastest growing municipalities in Australia, home to 172,500 people, supporting 26,139 jobs and has an annual economic output of $8.074 billion
For Sale by Expressions of Interest
Closing 3pm (AEDT) Wednesday 20 October 2021
*Mitchell Institute, Australian Investment in Education: Early Learning.
Property History for 55 Mckenzie St, Melton, VIC 3337
- 02 Dec 2021Sold for $1,310,000
- 30 Aug 2021Listed for Sale Price on Request
- 14 Dec 2018Listed for Rent $420 / week
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0About 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 5,138 properties. Over the last 5 years, Houses in Melton have seen a 23.66% increase in median value, while Units have seen a 18.10% increase. As at 31 August 2024:
- The median value for Houses in Melton is $471,217 while the median value for Units is $381,845.
- Houses have a median rent of $390 while Units have a median rent of $370.
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