SOLD
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Sold on 27 Nov 2024 for $380,000

46 Second Avenue
Melton South VIC 3338

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 602m2
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Property Details for 46 Second Ave, Melton South

46 Second Ave, Melton South is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 602m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Melton South in the last 12 months.

Building Type
House
Land Size
602m2

Last Listing description (November 2024)

Situated on a generous 602 sqm block in a sought-after Residential Growth Zone - schedule 1, this property is equipped with 3-bedroom, 1-bathroom offering incredible potential for renovation or development (STCA). Whether you're looking to update the existing home or explore subdivision opportunities, this property is a blank canvas awaiting your vision. This property is a gem for savvy investors. Its prime position and appeal to potential tenants due to location ensures high rental demand and promising returns on investment.

Key Features:

· Land Size: 602 sqm with great potential for subdivision (STCA)

· Bedrooms: 3 spacious bedrooms with central bathroom, ideal for family living or investment

· Location: Prime, convenient location within walking distance to Station Square shopping complex, train station, bus stops, and freeway entrances

· Proximity to Schools: Close to all levels of schooling, making it perfect for families

· Development Potential: Perfect for investors or those looking to capitalize on the Residential Growth Zone (STCA)

Get in contact now as we assure you this won't last long!

Contact Raj Pratap on 0404 941 291.

Please see the link below for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Property History for 46 Second Ave, Melton South, VIC 3338

A timeline of how this property has performed in the market
Last Sold
$380,000
27 Nov 2024
  • 27 Nov 2024
    Sold for $380,000
  • 07 Nov 2024
    Listed for Sale $380,000 - $410,000
  • 02 Oct 2002
    Sold for $136,000
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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 77 properties listed for sale, and 53 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 366 properties were sold in the past 12 months in Melton south.

Suburb Insights for Melton South 3338

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Raj Pratap
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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.