SOLD
Sold on 02 Sep 2024 for $1,287,000

8 Glenville Drive
Melton VIC 3337

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 178m2
Land area: 1487m2
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Property Details for 8 Glenville Dr, Melton

Building Type
Land
Floor Size
178m2
Land Size
1487m2
Local Government
Melton
Lot/Plan
5/PS534623

Last Listing description (September 2024)

Primefield Property Group proudly presents 8 Glenville Road, Melton VIC, 3337, an exclusive opportunity ripe for investment. Spanning across a generous land area of 1487 sqm, boasting an impressive frontage of approximately 29 meters and a depth extending to 50 meters, this industrial land parcel is strategically positioned for success. Conveniently located with swift access to High Street and the Western Motorway, and only a short distance from the Western Freeway, this property offers unparalleled connectivity.

Situated just 2km* from the Western Freeway, 35km* from Melbourne CBD, 31km* from the Port of Melbourne, and 21km* from Melbourne Airport, this property is at the heart of major transportation networks.

Key features include:

Industrial 1 zoning
1487 SQM with a generous 29-meter frontage(approx.) and 50-meter depth(approx.)
Fully benched and serviced for immediate development
Unrivalled access to the Western Freeway
Close proximity to major industrial precincts

Melton's rapid growth has positioned it as a prime destination for commercial ventures, making this property a valuable investment opportunity. With its strategic location and access to vital infrastructure, the growth potential is undeniable.

Call Akhil kansal on 0452 531 547 or Karan Kapoor 0425 822 291 for more information.
DISCLAIMER: All stated dimensions are approximate only. Given are for general information only and do not constitute any representation on the part of the vendor or agent.

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Property History for 8 Glenville Dr, Melton, VIC 3337

A timeline of how this property has performed in the market
Last Sold
$1,287,000
02 Sep 2024
  • 04 Sep 2024
    Listed for Sale Contact Agent
  • 02 Sep 2024
    Sold for $1,287,000
  • 07 Oct 2022
    Listed for Sale $1,250,000 plus GST
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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 5,167 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 52 properties listed for sale, and 23 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 219 properties were sold in the past 12 months in Melton.

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