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5 Canterbury Circuit, Melton South VIC 3338

$490,000 To $530,000

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$490k - $515k Transparent Transparent Listing Based on an openly advertised listing price.

Land 711 m²

Listed: 9 days ago

Updated: yesterday

Overview

This titled 711 square metre allotment at 5 Canterbury Circuit, Melton South presents a compelling canvas for homebuyers, builders, and investors alike. Its generous size offers rare potential to design a custom dream home or embark upon a development project, subject to council approval.

The property allows for subdivision into three lots or the creation of units or townhouses, providing flexibility to suit diverse needs and investment strategies. This makes it equally attractive to those seeking a spacious residential site or to developers keen on leveraging the location’s growing residential demand.

Conveniently nestled close to essential amenities such as the Opalia Shopping Centre, Melton Train Station, and local schools, the site enjoys excellent access to public transport, educational facilities, and retail options. Nearby childcare centers, parks, and sporting facilities add to the family-friendly appeal. The proximity to Woodgrove Shopping Centre and major freeway connections enhances the property's lifestyle and connectivity further.

Set amidst well-established and expanding communities, this land offers an exciting opportunity to participate in Melton South’s ongoing growth. Whether building a modern home tailored to lifestyle needs or exploring residential development, this property’s value lies in both its versatility and location.

Substantial 711 sqm titled allotment
Ready for construction with title issued
Potential subdivision into three lots (STCA)
Opportunity for unit or townhouse development (STCA)
Close to shopping, schools, transport, and recreational facilities

Investors and owner-builders will appreciate the blend of development potential and convenience, making this one of Melton South’s promising land parcels to secure.

Local Market Insights

In Melton South, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, down from 5 during the previous 30-day period, with an average advertised asking price of $362,000. The property type mix of listed properties is predominantly Houses at 88%, followed by land (6%), and units (4%). The most active agency for land in the Melton South area is currently Ray White, representing 75% of new listings, followed by Eland Real Estate 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.