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
$495,000
Last sold
26 Feb 2025
3
Bedrooms
2
Bathrooms
3
Car spaces
1,015 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
$495,000
26 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in Melton West (last 5 years) with land size have a median of $929/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
-19.2%
Median sale
Suburb $612,500
+0.91 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 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 Ray White MeltonIn-Room Auction
Wednesday 26th February @ 6pm
Melton Entertainment Park
2 Ferris Road, Melton
Nestled in the heart of Melton West, 56 Argyll Circuit presents an exceptional opportunity for homeowners, investors, and developers alike. Situated on a generous 1,015m² allotment, this well-designed home offers three spacious bedrooms, including a master with an ensuite and built-in robe. The open-plan layout features a well-appointed kitchen with an adjoining meals area, a separate dining space, and a large lounge, creating a warm and inviting atmosphere for families. With modern comforts such as a reverse cycle split system, solar panels, and security cameras, this property ensures both convenience and peace of mind.
Stepping outside, you'll find an expansive backyard equipped with multiple pergolas, perfect for outdoor entertaining all year round. The property boasts dual side access, a lock-up garage, a spacious carport, and a garden shed, providing ample storage and parking solutions. Additionally, water tanks enhance the sustainability of this home, catering to eco-conscious buyers. Whether you're looking to enjoy the existing lifestyle amenities or explore the development potential, this property ticks all the right boxes.
A standout feature of this property is its subdivision potential (STCA), with previous plans and permits for a second dwelling at the rear. While these permits have expired, they highlight the immense value and future possibilities this land presents. Investors and developers can seize this rare opportunity to capitalize on Melton West's growing demand for housing, subject to council approval.
Positioned within close proximity to Wedge Park Primary School, Woodgrove Shopping Centre, parks, and public transport, this home offers the perfect blend of convenience and potential. Whether you're looking to move in, renovate, or develop, 56 Argyll Circuit is a must-see. Don't miss out on this fantastic opportunity-inspect today!
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Please refer to the link below for the most recent Due Diligence Checklist:
https://bit.ly/RWDue_Diligence
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https://bit.ly/RW_PrivacyNotice
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 Martin Mintoff, Ray White Melton — reproduced as published, not verified by Districts.