SOLD
RECENT ADVICE
Sold on 22 Dec 2023 for $1,165,000

556 Melton Highway
Sydenham VIC 3037

Bedrooms: 4
Bathrooms: 1
Car spaces: 19
Floor area: 134m2
Land area: 1011m2
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Property Details for 556 Melton Hwy, Sydenham

Building Type
Commercial
Floor Size
134m2
Land Size
1011m2
Local Government
Brimbank
Lot/Plan
3~M/LP1375

Last Listing description (December 2023)

Looking for the perfect location to establish or expand your business? Your search ends here. Presenting an exceptional opportunity to secure a remarkable commercial property situated on the vibrant main road of Sydenham, where success and visibility merge seamlessly. Nestled in the heart of Sydenham, this commercial property enjoys incredible exposure on the bustling main road. With a high volume of daily traffic and a diverse range of businesses in the vicinity, you'll capture the attention of both local residents and passersby.

Properties of this calibre and location are in high demand, with ample parking available on-site and easy access to nearby public transportation links, your customers and employees will enjoy hassle-free visits to your establishment, with the flexibility to customize the space to suit your unique needs, the possibilities are endless.

Property History for 556 Melton Hwy, Sydenham, VIC 3037

A timeline of how this property has performed in the market
Last Sold
$1,165,000
22 Dec 2023
Listed for Rent
$1.15k/w
07 May 2019
  • 21 Dec 2023
    Sold for $1,281,500
  • 02 Nov 2023
    Listed for Sale $1,165,000.00
  • 22 Mar 2019
    Sold for $1,010,000
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About Sydenham 3037

The size of Sydenham is approximately 3.6 square kilometres. It has 23 parks covering nearly 8.4% of total area. The population of Sydenham in 2011 was 10,323 people. By 2016 the population was 10,829 showing a population growth of 4.9% in the area during that time. The predominant age group in Sydenham is 20-29 years. Households in Sydenham are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sydenham work in a clerical occupation. In 2011, 68.4% of the homes in Sydenham were owner-occupied compared with 64.8% in 2016.

Sydenham has 4,383 properties. Over the last 5 years, Houses in Sydenham have seen a 17.16% increase in median value, while Units have seen a 24.03% increase. As at 31 October 2024:

  • The median value for Houses in Sydenham is $715,577 while the median value for Units is $498,652.
  • Houses have a median rent of $490 while Units have a median rent of $450.
There are currently 28 properties listed for sale, and 9 properties listed for rent in Sydenham on OnTheHouse. According to CoreLogic's data, 187 properties were sold in the past 12 months in Sydenham.

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