Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
$600,000
Last sold
10 Oct 2025
3
Bedrooms
1
Bathrooms
0
Car spaces
537 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
Last sold
$600,000
10 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Melton (last 5 years) with land size have a median of $911/m² of land (n=149). Districts calculation from recorded sales — not a valuation.
Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
Vs Melton
+4.4%
Median sale
Suburb $574,500
-0.16 pp
Gross yield
Suburb 3.74%
Suburb median $574,500 from 110 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $413/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by YPA MeltonYPA Melton presents this great opportunity to renovate or develop (STCA) this property in the heart of Melton. This generous block of land of 536m2 (approx.) which is within the residential growth zone is the perfect chance to start or add to your property portfolio. This property could not be better located being close to all major amenities, including Woodgrove Shopping Centre, Melton Secondary College, childcare centres, medical centres and Western Freeway Access.
Upon entry, you are greeted with a living area that is large enough to host the whole family with a large window that provides plenty of natural light to soak into the area. The three bedrooms this property has to offer are all generous in size, one of which features a split system, and are all serviced by the modern central bathroom.
The heart of the home consists of a spacious kitchen which features an electric cooktop, ample bench and cupboard space, and also a separate dining area which also boasts a air conditioner, making this spot perfect for any family dinner!
Stepping outside to the huge backyard, you will be pleased by the space on offer, with ample room for children and/or pets to run and play, while the abundance of trees creates a serene spot to unwind. While the separate shed provides extra storage for everyone to utilise and the remainder of the yard provides the space for potential future development or a separate living space (STCA).
Special Features include- split system heating and cooling, ample bench and cupboard space, situated in Residential Growth Zone, floorboards throughout and so much more!
This great opportunity will not last long, so call Shane Spiteri on 0402 007 100 to book your inspection!
(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 Shane Spiteri, YPA Melton — reproduced as published, not verified by Districts.