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 › Mircella Pl
5
Bedrooms
3
Bathrooms
5
Car spaces
834 m²
Land
200 m²
Building
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
Last sold
No recorded sale price for this property yet.
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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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 Cooper Real Estate MeltonPrime Dual-Income Opportunity – 2 Mircella Place, Melton West
Positioned in a highly sought-after pocket of Melton West, 2 Mircella Place presents an exceptional investment with the rare versatility of dual living. This expansive 5-bedroom, 3-bathroom residence with a rumpus room and two fully equipped kitchens is purpose-built for large families, multi-generational living, or astute investors chasing strong returns.
Dual Living with Immediate Income
A standout feature is the self-contained Granny Flat setup – ideal for independent living, extended family, or as a rental stream. Currently returning a gross rental of $852 per week, this additional accommodation delivers instant cash flow with potential for further growth.
Large Allotment, Prime Location
Set on a generous 834m² block, the property offers substantial outdoor space for entertaining, gardening, or potential future enhancements (STCA). Families will appreciate the short stroll to Woodgrove Shopping Centre and the easy, safe walk to local schools and amenities.
Key Investment Highlights
- Two complete living zones – perfect for dual occupancy or rental flexibility
- Immediate rental return – currently achieving $852 per week
- 5 bedrooms + 3 bathrooms + 2 kitchens
- Large 834m² allotment with outdoor entertaining options
- Walk to shops, schools, parks, and public transport
Whether you’re seeking a high-yield investment, a home for your extended family, or a property with adaptable living arrangements, 2 Mircella Place offers an outstanding opportunity in one of Melton West’s most convenient and tightly held locations.
Properties with this level of flexibility and return potential are rarely available.
Agent’s Comments
“A rare dual-living property with an annualized gross return of $44,304.00, all on a generous 834m² block in a prime location. Perfect for investors or families needing space and flexibility.” – Ross Cooper
Property Code: 1782
Listing description written by Ross Cooper, Cooper Real Estate Melton — reproduced as published, not verified by Districts.