OFF MARKET

4/242 Melrose Drive
Tullamarine VIC 3043

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 123m2
Land area: 154m2
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Last updated 11 Nov 2024
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Property Details for 4/242 Melrose Dr, Tullamarine

4/242 Melrose Dr, Tullamarine is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 154m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in August 2016.

Building Type
Unit
Year Built
1990
Floor Size
123m2
Land Size
154m2
Local Government
Hume
Lot/Plan
4/SP28218

Last Listing description (October 2023)

Spaciously finished and nestled in Tullamarine's finest location, this private and secure double storey residence is situated within walking distance to Westfield shopping centre and only minutes from freeway access, schools, shops and the convenience of public transport at your doorstep. Being the rear home in a boutique block of four, it has the added security and extra two car spots that only the rear home can offer. Freshly painted and immaculately maintained this spacious home is saturated with abundance of natural light, flowing living zones features a combination of timber floors and tiles, a quality well-equipped kitchen with stainless steel appliances and lots of bench space. The upper level consists of two large bedrooms both with built in robes and the master with balcony, a bright central bathroom. Additional highlights include; ducted heating, cooling, window furnishings, high ceilings, open plan kitchen/ meals area, remote garage with internal access and a garden that is low maintenance.

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Property History for 4/242 Melrose Dr, Tullamarine, VIC 3043

A timeline of how this property has performed in the market
Last Sold
$386,500
17 Aug 2016
Listed for Rent
$410/w
28 Sep 2023
  • 28 Sep 2023
    Listed for Rent $410 / week
  • 28 Jul 2022
    Listed for Rent $385 / week
  • 04 Jan 2021
    Listed for Rent $370 / week
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About Tullamarine 3043

The size of Tullamarine is approximately 7.5 square kilometres. It has 10 parks covering nearly 3.4% of total area. The population of Tullamarine in 2011 was 6,271 people. By 2016 the population was 6,649 showing a population growth of 6.0% in the area during that time. The predominant age group in Tullamarine is 30-39 years. Households in Tullamarine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tullamarine work in a clerical occupation. In 2011, 66.5% of the homes in Tullamarine were owner-occupied compared with 62.4% in 2016.

Tullamarine has 5,834 properties. Over the last 5 years, Houses in Tullamarine have seen a 15.60% increase in median value, while Units have seen a 16.44% increase. As at 31 October 2024:

  • The median value for Houses in Tullamarine is $727,905 while the median value for Units is $535,000.
  • Houses have a median rent of $540 while Units have a median rent of $500.
There are currently 13 properties listed for sale, and 10 properties listed for rent in Tullamarine on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Tullamarine.

Suburb Insights for Tullamarine 3043

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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.