9 Norma StreetMelton VIC 3337
Property Details for 9 Norma St, Melton
9 Norma St, Melton is a 6 bedroom, 6 bathroom Unit. The property has a land size of 888m2.
Last Listing description (December 2023)
Black Fox Real Estate are pleased to offer an opportunity to purchase all 6 units as one, known as 9 Norma Street Melton - ideal for re-development.
Situated on a land holding of approximately 888sqm and Zoned "Residential Growth Zone - Schedule 1" this site makes for a highly appealing residential re-development (STCA).
A fabulous return on investment with 6 strata titled units. All units offer 1 bedroom with BIR, Spacious living and a separate laundry. All units are currently tenanted, currently returning approximately $72,000 P.A. Reap the income of the tenants while your plans are being finalised.
This is an unmissable opportunity for a developer to deliver a development of scale in a well established precinct (STCA) - Positioned moments from High Street, Melton, home to major retailers such as ALDI, IGA and First Choice Liquor, as well as the Woolworths/Coles anchored Woodgrove Shopping Centre.
Located within easy access of both the Western Freeway and Melton Highway and only 35 kilometres west from Melbourne's CBD.
The City of Melton is one of Australia's fastest growing municipalities, home to over 181,000 people, with a yearly increase of 6,709 for FY 20-21*.
Contact our team at Black Fox Real Estate today for more information.
Property History for 9 Norma St, Melton, VIC 3337
- 18 Nov 2022Listed for Sale CONTACT AGENT
- 22 Nov 2018Listed for Sale Not Disclosed
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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 5,138 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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