5 Exford RoadMelton South VIC 3338
Property Details for 5 Exford Rd, Melton South
Last Listing description (October 2023)
This is a perfect opportunity to add your investment portfolio. This commercially zoned 154 m2 building is walking distance from Melton South Train Station, Melton south shopping centre & several schools. The building provides main road frontage on busy Exford Road. With ample parking out the front and nearby all buildings in this strip are high prized and sort after real estate. Some more features include two large cool rooms, undercover loading bay with roller door access to the rear laneway and a closed up secured side laneway with internal access from the building.
The building is currently tenanted to a successful family run shop, bringing in $40,000 Per Annum Plus outgoings
Property History for 5 Exford Rd, Melton South, VIC 3338
- 27 Oct 2023Sold for $712,000
- 20 Jun 2023Listed for Sale $750,000
- 19 Sep 2016Sold for $250,000
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0About 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 7,570 properties. Over the last 5 years, Houses in Melton South have seen a 28.08% increase in median value, while Units have seen a 10.71% increase. As at 30 September 2024:
- The median value for Houses in Melton South is $494,384 while the median value for Units is $358,701.
- Houses have a median rent of $420 while Units have a median rent of $370.
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