OFF MARKET

296 Serpentine Road
Mount Melville WA 6330

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 160m2
Land area: 1592m2
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Property Details for 296 Serpentine Rd, Mount Melville

296 Serpentine Rd, Mount Melville is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1968. The property has a land size of 1592m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in April 2017.

Building Type
House
Year Built
1968
Floor Size
160m2
Land Size
1592m2
Local Government
Albany
Lot/Plan
26/D018957

Last Listing description (May 2017)

Perched high on Mt Melville about 2km from Albany town centre, this property takes in sensational panoramic views from the Porongurup Ranges, over the sports fields of North Road, and around to King George Sound, Mt Clarence, the city and Albany port.
Though the 1968-built brick and tile home is dated, it is as solid as the granite it sits on, and it offers many options for new owners or investors to capitalise on its prime position and reap myriad rewards.
Renovating the existing home would pay dividends, particularly if the layout were remodelled to relocate the living spaces at the back, where the amazing views are.

Another exciting opportunity is the potential for subdivision of the 1593sqm block into two lots, the lower block perfect for housing a contemporary pole home enjoying privacy and sharing the wonderful vista.
Either way, new owners might snap up this property and could get a potential rental return of $300 a week.
The home is set back off the road with a lawn at the front and a driveway at the side leading around to the back of the building, where there is a carport, parking for more vehicles and turning space.
Inside, the home is light and welcoming.
From the hallway through the front door is a comfortable lounge, with a big picture window, and an opening onto the dining area and adjoining kitchen at the back of the house.
Neat and tidy, these rooms take in the expansive views, which are shared with a generous paved patio designed to maximise the outlook.
Off the hallway are the laundry, bathroom with bath, shower and vanity, separate toilet and three bedrooms - all double sized and the master having built-in wardrobes and drawers.
On the bottom storey is a games room or teens' retreat, big enough for a pool table, and two more rooms, one a workshop with a window and the other ideal for bikes and golf clubs.
The lower half of the block is in natural bush, and there is bushland opposite the front of the home, so it cannot be overlooked.
Although it would benefit from a modernisation project, the home is clean and well kept, with good carpets, blinds and decor, and would be an exciting addition to an investor's or developer's portfolio.
What you need to know:
- Panoramic views from mountain to ocean
- Family home or rental investment property
- 1593sqm sub-divisible block
- High on Mt Melville opposite bushland
- 1960s well-built brick and tile home
- Clean and tidy presentation
- Three double bedrooms
- Bathroom with vanity, bath and shower
- Separate toilet
- Carport and additional parking and turning space
- Undercroft games room with adjoining workshop and storage room
- Ideal renovation or development project
- Leased at $300pw until February 2017
- Excellent options for future development

Property History for 296 Serpentine Rd, Mount Melville, WA 6330

A timeline of how this property has performed in the market
Last Sold
$350,000
03 Apr 2017
Listed for Rent
$370/w
04 Jun 2020
  • 03 Apr 2017
    Sold for $350,000
  • 03 Jan 2017
    Listed for Sale $369,000 (under offer)
  • 06 Jan 2011
    Listed for Rent - Price not available
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About Mount Melville 6330

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:

  • The median value for Houses in Mount Melville is $536,903 while the median value for Units is $271,530.
  • Houses have a median rent of $470 while Units have a median rent of $290.
There are currently 13 properties listed for sale, and no properties listed for rent in Mount melville on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Mount melville.

Suburb Insights for Mount Melville 6330

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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.