Melton West at a glance
10,038
People
$610,000
Median sale
$451/wk
Median rent
3.84%
Suburb gross yield
Median sale from 111 recorded sales (last 12 months) — a Districts calculation.
VIC › Melton West › Olympia Pl
$520,000–$550,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
2
Car spaces
566 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$520,000–$550,000
Asking range · $919/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Melton West (last 5 years) with land size have a median of $926/m² of land (n=152). Districts calculation from recorded sales — not a valuation.
Melton West at a glance
10,038
People
$610,000
Median sale
$451/wk
Median rent
3.84%
Suburb gross yield
Median sale from 111 recorded sales (last 12 months) — a Districts calculation.
Vs Melton West
-14.8%
Median sale
Suburb $610,000
+0.67 pp
Gross yield
Suburb 3.84%
Suburb median $610,000 from 111 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$31,291 on top of the price (6.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Melton West's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $451/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 4.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Nearby
Area
Melton West at a glance
10,038
People
$610,000
Median sale
$451/wk
Median rent
3.84%
Suburb gross yield
Median sale from 111 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Fletchers MeltonFletchers Real Estate Melton is proud to present 1 Olympia Place, Melton West – a beautifully presented three-bedroom home offering an impressive combination of comfort, space and practicality on a generous 566m² (approx.) allotment.
Fresh, bright and ready to move straight into, the home welcomes you with an abundance of natural light flowing through large windows, complemented by brand-new carpets that give the interiors a fresh and inviting feel.
At the heart of the home is the spacious kitchen, featuring stone benchtops, glossy cabinetry, stainless steel appliances and a dishwasher, with plenty of bench and storage space for everyday family living. A convenient study nook provides the perfect spot for working from home, studying or managing the household.
The home comprises three well-proportioned bedrooms, serviced by a stylish modern bathroom featuring contemporary fittings and the added luxury of dual shower heads.
Step outside and the size of this property really begins to shine. A massive timber deck creates an outstanding space for entertaining, weekend barbecues or simply relaxing outdoors, while the generous natural grassed backyard provides plenty of room for children and pets to enjoy. A handy garden shed takes care of your tools and outdoor storage.
Adding even more versatility is the Colorbond fencing with front and side gate access, providing valuable space and easy access for those needing to accommodate larger vehicles, a caravan, boat or trailer.
Set on approximately 566m², this is a fantastic opportunity for first-home buyers, families, downsizers or investors looking for a well-presented home with genuine outdoor space in an established Melton West location.
Property Highlights
* Three spacious bedrooms
* Modern central bathroom with dual shower heads
* Generous 566m² (approx.) allotment
* Spacious kitchen with stone benchtops and glossy cabinetry
* Stainless steel appliances and dishwasher
* Brand-new carpets
* Large windows providing excellent natural light
* Dedicated study nook
* Massive timber entertaining deck
* Generous natural grassed backyard
* Garden shed
* Colorbond fencing and secure front gate
* Side gate access ideal for caravan, boat, trailer or larger vehicles
* Ready to move in and enjoy
With its generous land size, fresh interiors, impressive outdoor entertaining area and highly practical side access, 1 Olympia Place is a home that offers much more than meets the eye.
DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information. However, it does not constitute any representation by the vendor or their representatives. Prospective purchasers are advised to carry out their own investigations and inspections to verify the information provided.
Listing description written by Varun Vagdhan, Fletchers Melton — reproduced as published, not verified by Districts.