Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
VIC › Melton South › Codrington St
$600,000–$650,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
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
Asking
$600,000–$650,000
Asking range
No recorded sale for this property.
Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
Vs Melton South
+3.0%
Median sale
Suburb $582,500
-0.11 pp
Gross yield
Suburb 3.97%
Suburb median $582,500 from 165 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.
$36,278 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 South'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 $445/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 3.9%. 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
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 South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Roof Real Estate MeltonThe Roof Real Estate Melton proudly presents a nearly new family residence awaits you here in a beautiful home in Melton South . Stylish house have all upgrades needed for living, continued quality and high end specifications throughout are guaranteed to impress. This Stunning home open plan living zone ensures plenty of natural light and positive Vibe throughout the house.
We are excited to showcase this stunning family home, Perfectly positioned, this home offers unbeatable convenience with everything at your doorstep. Enjoy just a short drive to Opalia Shopping Centre-a true one-stop destination for all your daily needs-along with nearby early learning centers and Weir Views Primary School. With easy access to Melton Train Station, the Western Freeway, Melbourne CBD, and Melbourne Airport, the location is second to none. For weekend leisure, enjoy close proximity to Melton Reservoir and the Werribee River-perfect for picnics, walks, and outdoor activities.
Astonishing Features.....
* Modern Façade
* High Ceilings
* Wide Entry Door
* Down Lights throughout the house
* Master Bedroom with WIR
* Ensuit with double vanity
* Three Other spacious size Bedrooms with Built In Robes
* Separate Formal living area
* Tiling flooring thought the house
* Carpet in the rooms
* Spacious Kitchen with pantry
* 40mm Stone Bench Top in the Kitchen
* 900mm stainless steel appliances
* 20mm stone bathroom & laundry
* Dishwasher
* Stainless Steel 900mm Appliances
* Tiled Splash back in the Kitchen Area
* Linen Storages
* Ducted Heating
* Evaporative Cooling
* Low maintenance front yard & Backyard
* Double Garage with remote operated door
* Internal and Rear Entrance from Garage
* Alfresco
* Central bathroom with bathtub and a well-appointed laundry with storage and many more.....
Close by facilities......
Opalia Plaza shopping Centre - short drive
McDonalds - 1.5 minute drive
Anytime Fitness Gym - 3 minute drive
Dosa Hut, Okami, Cheesecake shop & Pizza shop - 3 minute drive
Weir Views Dental - 2 minute drive
Petrol station - 2 minutes drive
Schools & Kindergartens.........
Melton Christian College
St Anthony School Melton South
Al-Iman College Melton South
Cool-kids Kindergarten Weir Views
Exford Primary School
Aspire Kindergarten
It is an address perfectly positioned for convenience and growth. A place where you will take pride in your community and where your neighbor's will become your friends.
An opportunity like this will not last long!
Call Payal Arora on 0435 821 541 to arrange an inspection as this one won't last long.
Welcomes you and looks forward to meeting you at open home inspections.
Photo ID is a must for all inspections.
Please see the below link for an up-to-date copy of the Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist.
Listing description written by Payal Arora, The Roof Real Estate Melton — reproduced as published, not verified by Districts.