OFF MARKET

38 Melaleuca Drive
Upwey VIC 3158

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 866m2
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Property Details for 38 Melaleuca Dr, Upwey

38 Melaleuca Dr, Upwey is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 866m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
House
Land Size
866m2
Local Government
Yarra Ranges
Lot/Plan
26/LP92432

Last Listing description (November 2023)

This charming 3-bedroom brick veneer home is perfect for a family downsizing or first home buyer, and is situated on a quiet street in a family-friendly area close to all amenities, located just off Glenfern Road and is walking distance to the bus stop and only 2 km to the main street of Upwey which is incredibly convenient for commuting to work or schools, plus has easy access onto Wellington Road for those that need to commute to the city. The home has a charming covered front deck where you can sit and enjoy your morning cuppa, inside features lovely timber floorboards, a new bathroom, 2 toilets, a new dishwasher, gas heating and a split system. Step outside to discover a flat sunny backyard providing a peaceful place for relaxation or family activities as well as being safe for children and pets alike, add one small gate and the yard is fully fenced. There is also a double carport and large storage shed and ample off-street parking. Call today to book an appointment before it is SOLD.

Investor Information:
It is our opinion that if this property were offered for rent in the current market it would achieve an approximate return of $500-$550 per week.

***Ranges FN Rentals have put together this information from sources available to us, however we cannot guarantee it’s accuracy as some information may have been provided from outside sources. Similarly, we are not registered financial advisors. Therefore you should seek professional assistance if you intend to make financial decisions based on the information provided.

https://www.consumer.vic.gov.au/duediligencechecklist
Please note: All property details listed were current at the time of publishing.

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Property History for 38 Melaleuca Dr, Upwey, VIC 3158

A timeline of how this property has performed in the market
Last Sold
$795,000
21 Nov 2023
  • 14 Nov 2023
    Sold for $795,000
  • 26 Oct 2023
    Listed for Sale Not Disclosed
  • 02 May 2013
    Sold for $420,000
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About Upwey 3158

The size of Upwey is approximately 6.2 square kilometres. It has 12 parks covering nearly 14.8% of total area. The population of Upwey in 2011 was 6,963 people. By 2016 the population was 6,648 showing a population decline of 4.5% in the area during that time. The predominant age group in Upwey is 40-49 years. Households in Upwey are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upwey work in a professional occupation. In 2011, 87.2% of the homes in Upwey were owner-occupied compared with 88.1% in 2016.

Upwey has 2,792 properties. Over the last 5 years, Houses in Upwey have seen a 27.90% increase in median value, while Units have seen a 28.09% increase. As at 31 October 2024:

  • The median value for Houses in Upwey is $883,650 while the median value for Units is $620,253.
  • Houses have a median rent of $600 while Units have a median rent of $383.
There are currently 25 properties listed for sale, and 5 properties listed for rent in Upwey on OnTheHouse. According to CoreLogic's data, 98 properties were sold in the past 12 months in Upwey.

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