5 Karen Place, Melton West, VIC 3337 | House for sale | OnTheHouse
 
FOR SALE
$459,000 - $499,000

5 Karen Place
Melton West VIC 3337

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 748m2
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Auction Time
Wed 30 Sep 6:00 pm
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A Versatile Investment Opportunity on 748m² (Approx.)

In-Room Auction
Wednesday 30th September @ 6pm
Melton Entertainment Park
2 Ferris Road, Melton
Positioned on a substantial 748m² (approx.) allotment in a quiet Melton West court, 5 Karen Place presents an excellent opportunity for investors seeking a property with strong rental appeal, generous land and future potential. Offering a practical floorplan, multiple living zones and plenty of outdoor space, this is a property that provides both immediate functionality and long-term flexibility.
The home comprises three well-sized bedrooms, with the master featuring its own ensuite and built-in robe, while the remaining bedrooms are serviced by a central bathroom. A separate retreat and dedicated home office provide additional flexibility, appealing to a wide range of tenants including families and professionals working from home.
The central kitchen connects seamlessly with the dining area, while the spacious living room provides a second living zone. Outside, the property offers two covered pergola areas, providing excellent entertaining space, along with a substantial carport and plenty of additional land. The generous 748m² allotment also provides scope for investors to explore future improvements or redevelopment potential, subject to council approval.
With its combination of solid landholding, versatile accommodation, multiple living areas and strong rental appeal, this property is well suited to investors looking to secure a sizeable parcel of land in an established Melton West location. Close to schools, shops, public transport, parklands and everyday amenities, 5 Karen Place offers an opportunity to secure a property with both lifestyle appeal and long-term investment potential.
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Property Details for 5 Karen Pl, Melton West

5 Karen Pl, Melton West is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 748m2. The place is currently for sale with Ray White - Melton.

Building Type
House
Land Size
748m2
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About Melton West 3337

The size of Melton West is approximately 9.3 square kilometres. There are 22 parks, covering nearly 14.7% of the total area. The population of Melton West in 2016 was 17589 people. By 2021 the population was 8784 showing a population decline of 50.1% in the area during that time. The predominant age group in Melton West is 10-19 years. Households in Melton West are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Melton West work in a trades occupation.In 2021, 73.80% of the homes in Melton West were owner-occupied compared with 71.60% in 2016.

Melton West has 3,738 properties. Over the last 5 years, Houses in Melton West have seen a 21.39% increase in median value, while Units have seen a 19.53% increase. As at 31 August 2026:

  • The median value for Houses in Melton West is $629,560 while the median value for Units is $485,103.
  • Houses have a median rent of $430 while Units have a median rent of $415.
There are currently 32 properties listed for sale, and 23 properties listed for rent in Melton west on OnTheHouse. According to Cotality's data, 177 properties were sold in the past 12 months in Melton west.

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Joe Mavrikos
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Jaan Verma
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Ray White - Melton
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