18 Alicia St, Mount Melville is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 374m2 and floor size of 116m2.
A property developer or a buyer keen to renovate a character home will snap up this appealing real estate for its big block, prime central location and excellent prospects for capital growth.
The fibro and tile home, built in the mid-20th century, is in need of work but it has some attractive period features and generous rooms.
Removing the house, though, would present a blank canvas on which to build a substantial contemporary home to live in or units to sell on or rent out.
The size of Mount Melville is approximately 2.9 square kilometres. It has 5 parks covering nearly 32% of total area. The population of Mount Melville in 2011 was 1,079 people. By 2016 the population was 1,084 showing a population growth of 0.5% in the area during that time. The predominant age group in Mount Melville is 60-69 years. Households in Mount Melville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Melville work in a professional occupation. In 2011, 53.6% of the homes in Mount Melville were owner-occupied compared with 58% in 2016.
Mount Melville has 740 properties. Over the last 5 years, Houses in Mount Melville have seen a 69.17% increase in median value, while Units have seen a 30.14% increase. As at 31 October 2024:
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