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VIC › Melton South › Strachan Pl

17 Strachan Pl, Melton South VIC 3338

For saleHouse for Sale

$689,000–$719,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

689 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $689,000–$719,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $689,000–$719,000(Listing record · 7 Aug 2026)
  • FactLand 689 m²; no building size recorded.(Property record)
  • CalculationAsk is 18% above the Melton South median recorded sale ($582,500, n=165, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Melton South's advertised median rent ($445/wk), implied gross yield would be 3.36% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$689,000–$719,000

Asking range · $1,000/m² of land

No recorded sale for this property.

Melton South at a glance

14,419

People

$582,500

Median sale

$445/wk

Median rent

3.97%

Suburb gross yield

Median sale from 165 recorded sales (last 12 months) — a Districts calculation.

See the full Melton South report →

Vs Melton South

+18.3%

Median sale

Suburb $582,500

-0.61 pp

Gross yield

Suburb 3.97%

Suburb median $582,500 from 165 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$689,000
Stamp Duty (Victoria)
$36,410
Transfer/Registration Fee
$1,717
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$730,827

$41,827 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Melton South's advertised median rent — not a rent for this listing.

Net yield
1.86%
Annual cashflow (pre-tax)
$-23,023
Interest cover (DSCR)
0.36
Annual rent
$23,140
Operating expenses
$10,335
Loan amount
$551,200
Annual interest
$35,828
Gross yield
3.36%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$689,000–$719,000available7 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $445/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.4%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Melton South in one glance

Melton South at a glance

14,419

People

$582,500

Median sale

$445/wk

Median rent

3.97%

Suburb gross yield

Median sale from 165 recorded sales (last 12 months) — a Districts calculation.

See the full Melton South report →

Keep researching

  • Why Melton South? Read the area thesis →
  • What else is on the market in Melton South →
  • Other records on Strachan Pl →

Listing material

Listed by YPA Melton

MORE THAN JUST A HOME – A LIFESTYLE OPPORTUNITY

Set on a generous 690m² (approx.) allotment in one of Melton South's fastest-growing pockets, this beautifully updated home presents the prefect opportunity for families, first-home buyers and savvy investors alike. Perfectly positioned for ultimate convenience, you'll find yourself just moments from every essential amenity, including Opalia Shopping Centre, Al Iman College, Staughton College, Melton South Primary School, St Anthony's Primary School and Melton Train Station featuring the highly anticipated Level Crossing Removal Project set to further enhance connectivity. Surrounded by local parks, childcare centres and with the future Melton Hospital on the horizon, this thriving location continues to grow in both lifestyle appeal and long-term value, making it an exciting place to call home.

Step inside and immediately appreciate the light-filled, inviting atmosphere this home has to offer. Positioned to the left of the entry, the first bedroom is bathed in natural light thanks to a stunning floor-to-ceiling bay window and is complete with a ceiling fan, decorative cornicing and a generous triple built-in robe.

To the right, a spacious front living room provides the perfect place to relax and unwind. Showcasing floorboards, elegant plantation shutters, downlights and a large bay window that fills the space with natural light. The neutral colour palette creates a warm and welcoming feel that effortlessly flows throughout the home.

Read the full description

Continue through to the stylishly updated kitchen and adjoining meals area complete with a ceiling fan, designed with both functionality and modern living in mind. Featuring luxurious 40mm stone benchtops, stainless steel appliances including an oven, cooktop, dishwasher, double sink, built in pantry, along with an eye-catching mirrored splashback and an abundance of bench and storage space. A large kitchen window enhances the bright and open feel, perfectly complementing the contemporary finishes and making this an ideal space for everyday living.

Continuing down the hallway, you'll discover the remaining two bedrooms, each complete with built-in robes and are serviced by a beautiful split style central bathroom with a separate vanity, showcasing luxurious 40mm stone benchtop, floor-to-ceiling tiling and a separate toilet for added convenience, the bathroom perfectly combines style and functionality.

Comfort is assured year-round with the inclusion of ducted heating and evaporative cooling, ensuring the home remains comfortable through every Melbourne season.

Stepping outside, you'll discover a backyard designed to cater to every lifestyle. Entertain family and friends year-round beneath the expansive pergola, partially enclosed with clear PVC café blinds to create a versatile indoor-outdoor living space. The generous yard also features maintained gardens and green grass, providing plenty of room for children and pets to enjoy, while the carport offers the potential for convenient drive through access.

A true standout of the property is the modern, powered self-contained studio, complete with a split system, kitchenette, sink and a stylish bathroom and toilet. With its own access via the backyard and side gate, this versatile space presents endless possibilities, whether you're looking to run a business from home, create the ultimate home office, accommodate extended family or guests, or generate additional rental income.

This is a home that truly offers something for everyone. Whether you're searching for a move-in ready family home, a work-from-home solution or the perfect investment, this exceptional residence delivers on every level. Opportunities with this level of versatility, modern updates and an unbeatable location are few and far between, don't miss your chance to make it yours!

Standout features include: Ducted heating, evaporative cooling, downlights through-out, 40mm stone bench tops, self-contained studio, pergola, and so much more!

Call Ryan Anders on 0434 900 300 or Tahlia Hall on 0422 419 589 today.

(Photo ID is Required at all Open For Inspections)

At YPA Melton “Our Service Will Move You”

DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information but it does not constitute any representation by the vendor/agent and agency.

Listing description written by Ryan Anders, YPA Melton — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Floorboards
  • Fully Fenced
  • Outdoor Entertaining
  • Secure Parking
  • Solar Panels
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.