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Location

Market Insights for Melton South VIC 3338

New Listings (last 30 days)

Average price

$453,750

Lowest price

$395,000

Highest price

$500,000

8/62 Andrew Street, Melton South VIC 3338

$$399,000 - $435,000

Search Band

$425k - $468k High Confidence Calculated based on strong search observations.

Unit 3 beds 1 bath 1 car 130 m²

Listed: 9 days ago

Updated: 6 days ago

Overview

This well-appointed three-bedroom unit in Melton South presents an excellent investment opportunity in a sought-after suburb. The property benefits from a tenant already in place, promising a yield above 4% even in challenging market conditions.

Designed to combine comfort with practicality, the residence offers spacious living areas that adapt well to family life or as a solid addition to an investor’s portfolio. The kitchen is well-equipped to support culinary activities and casual entertaining, enhancing the day-to-day livability.

Its location is a considerable asset, situated within easy reach of Woodgrove Shopping Centre, Melton Train Station, and a variety of schools and amenities. This central positioning ensures convenience for residents, supporting a lifestyle with ready access to transport, shopping, and education.

Three generously sized bedrooms suitable for families or sharers.
Secure parking with one dedicated garage space.
Land size of 130 sqm supporting manageable outdoor maintenance.

For investors and owner-occupiers alike, this unit offers a stable and accessible base in an evolving residential area, presenting long-term potential without extensive upkeep.

Local Market Insights

In Melton South, Quiet Listings observed 4 new units entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $453,750. The property type mix of listed properties is predominantly Houses at 87%, followed by land (5%), and units (4%). The most active agency for units in the Melton South area is currently Ray White, representing 75% of new listings, followed by Raine & Horne with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.