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 › Argyll Circuit
$573,000
Last sold
23 July 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
560 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
Last sold
$573,000
23 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Melton West (last 5 years) with land size have a median of $922/m² of land (n=151). 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
-6.4%
Median sale
Suburb $612,500
+0.26 pp
Gross yield
Suburb 3.83%
Suburb median $612,500 from 112 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
Melton
Melton, VIC
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
VICZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 562 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 562 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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 Ray White MeltonIn-Room Auction Event
Thursday 23rd July @ 6pm
Melton Entertainment Park
2 Ferris Road, Melton
Positioned in a highly sought-after pocket of Melton West, 23 Argyll Circuit presents an outstanding opportunity for families, first home buyers and investors alike. Set on a generous 563m² (approx.) allotment and located within close proximity to quality schools, shopping centres, public transport, parklands and all essential amenities, this well-maintained residence offers the perfect combination of comfort, convenience and low-maintenance living in a fantastic location.
Designed with functionality in mind, the home boasts four generously sized bedrooms, including a master suite complete with its own ensuite, while the remaining bedrooms are serviced by a central family bathroom. Multiple living zones provide flexibility for growing families, with a spacious lounge upon entry, a dedicated sitting area and a large open-plan living and dining space that creates the ideal environment for everyday living and entertaining.
At the heart of the home is a well-appointed kitchen overlooking the main living areas, ensuring the chef of the family remains connected with guests and loved ones. Comfort is assured year-round with refrigerated heating and cooling throughout, complemented by ceiling fans for added comfort. A charming woodfire heater in the main living area creates a warm and inviting atmosphere, making it the perfect place to relax during the cooler months.
Stepping outside, you'll discover a fantastic undercover entertaining area ideal for hosting family gatherings and weekend barbecues. The low-maintenance yard offers plenty of space to enjoy without the upkeep, making it perfect for busy families and investors alike. Complete with a double carport and a practical floorplan that caters to modern lifestyles, this is a wonderful opportunity to secure a quality home in one of Melton West's most convenient and family-friendly locations.
Photo ID Required for All Property Inspections
Please refer to the link below for the most recent Due Diligence Checklist:
https://bit.ly/RWDue_Diligence
Please refer to the link below for Ray White's Collection Notice:
https://bit.ly/RWPrivacyNotice
DISCLAIMER: All dimensions are approximate. The details provided are for general information purposes only and do not constitute any representation by the vendor or real estate agent. This document has been prepared solely for marketing purposes. While every effort has been made to ensure the accuracy of the information, we do not accept responsibility for any errors. Prospective buyers should conduct their own inquiries to verify the information provided.
Listing description written by Joe Mavrikos, Ray White Melton — reproduced as published, not verified by Districts.