OFF MARKET

102 First Avenue
Melton South VIC 3338

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 116m2
Land area: 599m2
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Property Details for 102 First Ave, Melton South

102 First Ave, Melton South is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 599m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
House
Floor Size
116m2
Land Size
599m2
Local Government
Melton
Lot/Plan
205/LP52642

Last Listing description (January 2023)

Superbly positioned in the RGZ1 (Residential Growth Zone 1) close to all amenities this home is perfect for home buyers or investors looking for a great opportunity to enter the market or add to their property portfolio. Offering development potential (Subject to Council Approval) and set on a great sized allotment of 599m2 (approximately) this 3-bedroom property comprises of a large lounge room, central bathroom, kitchen with adjoining dining area and laundry. Other features include gas heating, air conditioner and polished timber floors. Externally the property offers solar panels, front fence plus a great sized back yard with large triple garage ideal for car accommodation or tradie plus double carport and garden shed. Currently leased out to great tenants until July 2023 paying $320 per week. A great opportunity exists here so don't delay!

Property History for 102 First Ave, Melton South, VIC 3338

A timeline of how this property has performed in the market
Last Sold
$488,000
02 Dec 2022
Listed for Rent
$320/w
15 Jul 2022
  • 02 Dec 2022
    Sold for $488,000
  • 09 Jun 2022
    Listed for Rent $320 / week
  • 09 Apr 2022
    Sold for $506,150
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About Melton South 3338

The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years. Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016.

Melton South has 7,622 properties. Over the last 5 years, Houses in Melton South have seen a 26.65% increase in median value, while Units have seen a 18.09% increase. As at 30 November 2024:

  • The median value for Houses in Melton South is $501,343 while the median value for Units is $358,419.
  • Houses have a median rent of $425 while Units have a median rent of $375.
There are currently 72 properties listed for sale, and 48 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 368 properties were sold in the past 12 months in Melton south.

Suburb Insights for Melton South 3338

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.