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.
VIC › Melton › Centenary Ave
$520,000–$550,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
2
Car spaces
585 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
$520,000–$550,000
Asking range · $889/m² of land
No recorded sale for this property.
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
-9.5%
Median sale
Suburb $574,500
+0.39 pp
Gross yield
Suburb 3.74%
Suburb median $574,500 from 110 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.
$31,291 on top of the price (6.0% 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'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 $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.
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 4.1%. 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
UnknownArea
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 Raine & Horne Bacchus MarshPositioned on an approximately 580m² allotment in a convenient Melton location, this well-maintained family home offers space, functionality, and plenty of potential for first-home buyers, investors, tradies, or those needing extra room for vehicles, caravans or boats.
Inside, the home comprises three generous bedrooms, all fitted with built-in robes a renovated central bathroom and a spacious L-shaped open-plan living and dining area that provides plenty of room for the whole family to relax and entertain. The updated kitchen is well-positioned and offers practicality for everyday living. Gas ducted heating and split-system cooling ensure comfort throughout the year.
One of the standout features of this property is the excellent vehicle accommodation and rear access. The wide frontage provides ample off-street parking, while the undercover carport with a roller door offers secure drive-through access to the backyard making it ideal for storing a caravan, boat, trailer or additional vehicles.
Step outside to discover a huge backyard with plenty of space for children and pets to play, future landscaping projects, or simply enjoying the outdoors. At the rear of the property, a large shed provides excellent storage or workshop space, while a separate studio/man cave positioned behind the shed adds further versatility. Whether you're looking for a home office, games room, hobby space, retreat or creative studio this additional space offers endless possibilities.
Conveniently located close to schools, shopping centres, public transport, parks, and all essential amenities, this property combines comfortable family living with exceptional practicality and value.
Whether you're entering the market, expanding your investment portfolio or searching for a home with plenty of room for vehicles and hobbies this is an opportunity not to be missed.
Contact us today on (03) 4328 6088 to arrange your inspection.
DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information and dimensions are approximate only. Particulars do not constitute any representation by the vendor or their representatives. Prospective purchasers are advised to carry out their own investigations, inspections and due diligence to verify the information provided. Inspections are subject to cancellation or time changes without notice and photo ID is required to enter. Please refer to the Consumer Affairs Victoria Due Diligence Checklist.
Listing description written by Priscilla Asi, Raine & Horne Bacchus Marsh — reproduced as published, not verified by Districts.
Victoria 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.