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Sold on 06 Feb 2024 - Price Unavailable

5 Olding Way
Melville WA 6156

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 855m2
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Property Details for 5 Olding Way, Melville

5 Olding Way, Melville is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 855m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Melville in the last 12 months.

Building Type
House
Land Size
855m2
Local Government
Melville
Lot/Plan
438/P006794

Last Listing description (February 2024)

Welcome to 5 Olding Way, Melville! This rare property is now on the market and ready to become your next dream project. With its prime location, this property is sure to capture the attention of all budding developers, renovators, and builders.

Situated on a large holding, this property offers plenty of options for you. If adopting the 5% concession rule from Clause 4.2.4 of the State Gov's Development Control Policy 2.2, this property can be subdivided into 2 lots, giving you the flexibility of developing, renovating, or building your dream home on a very generous 855sqm parcel of land. You will surrounded by a park with lush greenery which creates an attractive and inviting streetscape.

Please take note - the City of Melville has already provided verbal support for a 5% concession rule if subdividing this property.

Inside the home, you will find a kitchen/meals area, a large separate lounge, three generous bedrooms, a sunroom, a bathroom with a separate WC, and laundry.

The standout feature of this property is the location. With its horseshoe shape wrapping around Olding Park, Olding Way is known for its serenity, its community, and is consistently in high demand. There is no doubt, it will be the location of your fondest memories for years to come.

Located in the sought-after suburb of Melville, this property offers an abundance of options. Enjoy the proximity to local schools, parks, shopping centers, and public transport options. Explore the vibrant community and discover all the amenities and attractions this area has to offer.

Don't miss out on this incredibly rare opportunity.

Floor plans are available upon request. Please use the email contact option for a prompt response. Guidance on price will also be provided.

• Large landholding
• Zoned R20
• 20m frontage
• Subdivision potential subject to approval
• Develop, renovate, or build new
• Prime location
• Located directly opposite parkland
• Relatively flat site
• Existing 3x1 home

This property will be sold on an 'As is where is' basis.

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Property History for 5 Olding Way, Melville, WA 6156

A timeline of how this property has performed in the market
Last Sold
06 Feb 2024
  • 01 Feb 2024
    Sold for $1,150,000
  • 30 Jan 2024
    Listed for Sale Under Offer

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About Melville 6156

The size of Melville is approximately 2.4 square kilometres. It has 8 parks covering nearly 8.2% of total area. The population of Melville in 2011 was 5,198 people. By 2016 the population was 5,688 showing a population growth of 9.4% in the area during that time. The predominant age group in Melville is 40-49 years. Households in Melville are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Melville work in a professional occupation. In 2011, 79.6% of the homes in Melville were owner-occupied compared with 79.6% in 2016.

Melville has 3,134 properties. Over the last 5 years, Houses in Melville have seen a 72.78% increase in median value, while Units have seen a 65.47% increase. As at 31 October 2024:

  • The median value for Houses in Melville is $1,311,019 while the median value for Units is $710,446.
  • Houses have a median rent of $755 while Units have a median rent of $680.
There are currently 17 properties listed for sale, and 2 properties listed for rent in Melville on OnTheHouse. According to CoreLogic's data, 99 properties were sold in the past 12 months in Melville.

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