OFF MARKET

5/264 Melrose Drive
Tullamarine VIC 3043

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 81m2
Land area: 190m2
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Property Details for 5/264 Melrose Dr, Tullamarine

5/264 Melrose Dr, Tullamarine is a 2 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 190m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
Unit
Year Built
1980
Floor Size
81m2
Land Size
190m2
Local Government
Hume
Lot/Plan
5/RP15240

Last Listing description (July 2021)

In a price range that is becoming increasingly harder to find, this comfortable unit is perfectly situated within easy reach to transport, freeway access, Melbourne Airport & local Shopping Centres.

The brick veneer unit comprises a comfortable floor plan highlighted by an open plan living room, bright kitchen adjoining meals area, two bedrooms with BIR's, updated central bathroom, separate laundry and a large courtyard offering plenty of potential to become a fantastic entertaining area.


Features ducted heating, split system heating & cooling unit, and a lock-up garage.

A sensational opportunity for both investors & home buyers...be quick!

PLEASE NOTE:
Please make sure masks are worn inside and outside at all our viewings.

Land Size: Approx. 190m2
Settlement: 30 or 60 days
Price Guide: $360,000 - $390,000

Dom Zampaglione 0414 453 365
dom.zampaglione@raywhite.com

Phillip Mercieca - 0402 419 827
phillip.mercieca@raywhite.com

*** COVID- 19 Announcement ***
We request that only attend if you are fit and healthy to do so and not under any self-isolation conditions. We request that you maintain a healthy distance from our team members. Lastly, please refrain from touching items/ fixtures and doors within the properties. If you would like to view something in particular, please request the agent's assistance. Thank you.

Property History for 5/264 Melrose Dr, Tullamarine, VIC 3043

A timeline of how this property has performed in the market
Last Sold
$435,000
15 Jul 2021
Listed for Rent
$310/w
12 Dec 2017
  • 15 Jul 2021
    Sold for $435,000
  • 05 Jul 2021
    Listed for Sale Under Offer
  • 12 Dec 2017
    Listed for Rent $310 / 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 14 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.