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) Source: Your Investment Property, September 2010 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 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) 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
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
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
Related posts:
- Recent sale of development sites in Melton South
- Melton – a boom town in the making
- A listing of development sites in Australia - justdevelopmentsites.com.au
