Melton West at a glance
10,038
People
$612,500
Median sale
$451/wk
Median rent
3.83%
Suburb gross yield
Median sale from 112 recorded sales (last 12 months) — a Districts calculation.
VIC › Melton West › Gleneagles Dr
$719,000–$759,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
875 m²
Land
Districts View
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
$719,000–$759,000
Asking range · $822/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
$612,500
Median sale
$451/wk
Median rent
3.83%
Suburb gross yield
Median sale from 112 recorded sales (last 12 months) — a Districts calculation.
Vs Melton West
+17.4%
Median sale
Suburb $612,500
-0.57 pp
Gross yield
Suburb 3.83%
Suburb median $612,500 from 112 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.
$43,697 on top of the price (6.1% 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 3.3%. 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.
Area
Melton West at a glance
10,038
People
$612,500
Median sale
$451/wk
Median rent
3.83%
Suburb gross yield
Median sale from 112 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Barry Plant MeltonDiscover an exceptional family lifestyle in this extensively renovated residence, ideally positioned on a substantial 875m² (approx.) corner allotment within the established Westlake Estate. Offering an impressive sense of space both inside and out, this is a home where generous living, entertaining and family comfort come together.
The position is equally impressive, with Westlake Lake, surrounding parklands, quality schools, Woodgrove Shopping Centre, public transport and local amenities all conveniently close by.
From the street, the wraparound veranda, established gardens and attractive façade create an immediate sense of warmth and character. Step inside and you are greeted by a spacious floorplan offering multiple areas to relax, entertain and enjoy everyday family life.
The main living and dining area provides a wonderful gathering space, complemented by a gas fireplace that adds warmth and ambience. The adjoining kitchen is both stylish and practical, featuring stone benchtops, quality appliances, abundant cabinetry and a built-in bar. With the kitchen opening directly to the living and dining areas, the layout works exceptionally well when hosting family and friends.
Four generous bedrooms provide comfortable accommodation, with the master bedroom offering a private retreat complete with a large walk-in robe and beautifully upgraded ensuite. The remaining bedrooms are well served by the central bathroom.
A separate enclosed study adds another layer of flexibility and could easily be converted or used as a fifth bedroom, depending on the requirements of the next owner.
Outside is where this home really comes into its own. The covered pergola provides an impressive space for outdoor gatherings and features a built-in fireplace, creating an inviting setting for entertaining in every season. The backyard is spacious yet easy to maintain, while the large shed provides plenty of room for storage, hobbies or a dedicated workspace.
The double garage, additional off-street parking and generous corner position further enhance the functionality of the property.
Year-round comfort is assured with ducted heating, evaporative cooling and split-system air conditioning, while the established landscaping provides privacy and enhances the home's overall appeal.
Whether you're looking for a spacious home for a growing family, somewhere to entertain in style or simply more room to enjoy, this Westlake property delivers on all fronts.
A substantial allotment, a thoughtfully renovated home and a highly desirable Melton West location make this an opportunity well worth inspecting.
Listing description written by Ned Nikolic, Barry Plant Melton — reproduced as published, not verified by Districts.