42 Melrose DriveTullamarine VIC 3043
Property Details for 42 Melrose Dr, Tullamarine
Last Listing description (September 2023)
Occupying a wide block of land (approx 781sqm) adjacent to playground/reserve, this mid-century home comes complete with an approved planning permit in place to construct three impressive new double-storey townhouses.
Set well back from the street (on the Melrose Drive service road), the home itself currently comprises two bedrooms (large main) with built-in robes, updated bathroom, front lounge, adjoining dining room and functional kitchen. Plus, a simply enormous backyard highlighting the property's dream dimensions and exceptional potential. Endorsed plans highlight three unique townhouses (2 x 3-bed 2-bath) (1 x 2-bed 1-bath) each featuring generous living space, full-size laundry, guest powder room, plus a garage and sizeable courtyard.
Walking distance to Westfield Shopping Centre, Matthews Avenue trams and a choice of bus routes, it also offers easy access to local schools, Essendon Fields and both the Tullamarine Freeway and Western Ring Road.
Property History for 42 Melrose Dr, Tullamarine, VIC 3043
- 07 Sep 2023Sold for $910,000
- 31 Jul 2023Listed for Sale Under Offer
- 06 Jun 2016Sold for $570,000
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0About 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 5,846 properties. Over the last 5 years, Houses in Tullamarine have seen a 19.27% increase in median value, while Units have seen a 12.46% increase. As at 31 August 2024:
- The median value for Houses in Tullamarine is $725,091 while the median value for Units is $507,193.
- Houses have a median rent of $525 while Units have a median rent of $490.
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