27 Staughton street, Melton South

27 Staughton street, Melton South

 

This property consist of a 3 bedroom house with 1 bathroom and 1 car space on a 1,000 sqm of level land in the heart of Melton South, Melbourne.

 

It is conveniently located within a 2 minute walk to the Melton train station and to local shops and amenities. It has a planning permit approved by the council for an additional 2 units in addition to the existing house.

 

Each of the proposed units have 2 bedroom, 2 bathrooms, single car port and open plan living and dining. This property was sold in August 2010 for $375,000 by agent Max Attalla of Barry Plant, Melton.

 

Vital statistics (August 2010)

Suburb Median house price $ Weekly advertised median rent $ Gross yield $ 3-year growth % 5-year growth % Average annual growth %
Melton 225,000 240 5.5 23.6 32.3 9.5
Melton South 230,000 230 5.2 31.4 35.3 9.9
Melton West 265,000 245 4.8 17.8 26.8 8.4

Source: Your Investment Property, September 2010

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How it’s calculated:

Median price: Median price for the 12 months to May 2010

Average annual growth: Average percentage change over the past 10 years as a per annum figure

5-year growth: Median price percentage change over the past 5 years to May 2010

Weekly median advertised rent: Median price of rental listings for the 12 months to May 2010

Gross yield: Estimated rental return, based on advertised rent to median price

Vital statistics (December 2009)

Suburb Median house price $ Weekly advertised median rent $ Gross yield $ 3-year growth % 5-year growth % Average annual growth %
Melton 220,000 230 5.4 22.2 29.0 9.5
Melton South 208,000 220 5.5 18.9 22.4 9.7
Melton West 245,000 240 5.1 11.4 16.7 8.0

Source: Your Investment Property, December 2009

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

How it’s calculated:

Median price: Median price for the 12 months to August 2009

Average annual growth: Average percentage change over the past 10 years as a per annum figure

5-year growth: Median price percentage change over the past 5 years to August 2009

Weekly median advertised rent: Median price of rental listings for the 12 months to August 2009

Gross yield: Estimated rental return, based on advertised rent to median price

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