123 Lancaster Ave, Melrose Park is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 575m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 5 bedroom House sold in Melrose Park in the last 12 months.
A bold architectural triumph delivering cutting-edge design, premium construction, and luxurious comfort - this brand-new residence sets a new benchmark in contemporary living. Commanding a prime 581sqm parcel with a sun-drenched north-facing rear, stunning water views, and a peaceful, tree-lined address, it's a true sanctuary for families who demand the best.Built to exacting standards with full double brick construction and concrete slabs, this home is not only breathtaking in design but built to stand the test of time. From its soaring ceilings to its seamless indoor-outdoor flow, every detail has been curated to impress.Located just footsteps to riverside parklands, Meadowbank Ferry, and the highly anticipated Melrose Park precinct, this home offers prestige, position, and lifestyle in equal measure. Features:-Architectural excellence with a striking street presence and luxe designer finishes throughout-Full double brick and concrete slab construction -Grand open-plan living and dining area featuring a bespoke gas fireplace and expansive full-height glass, flooding the space with natural light-Multiple expansive living areas designed for effortless entertaining and relaxed family living-Show-stopping chef's kitchen with gas appliances, oversized stone island & expansive butler's pantry-Resort-style alfresco entertaining with outdoor kitchen, gas BBQ & mosaic-tiled pool-Five oversized bedrooms, each with custom joinery ideal for large or extended families-Palatial master retreat with walk-in robe, opulent ensuite & private balcony with panoramic water views-Statement double-height ceilings, designer lighting, and handcrafted joinery throughout-Zoned air conditioning: ducted system on lower level, VRV individually controlled units upstairs-Double lock-up garage with internal accessThis is not just a home - it's a statement of luxury, lifestyle and architectural brilliance in one of the area's most tightly held riverside pockets. An unrepeatable opportunity to secure a brand-new prestige home ready to move into and enjoy."All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries"
The size of Melrose Park is approximately 1.0 square kilometres. It has 7 parks covering nearly 14.5% of total area. The population of Melrose Park in 2016 was 1574 people. By 2021 the population was 2059 showing a population growth of 30.8% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation.In 2021, 70.10% of the homes in Melrose Park were owner-occupied compared with 84.40% in 2016.
Melrose Park has 1,455 properties. Over the last 5 years, Houses in Melrose Park have seen a 54.97% increase in median value, while Units have seen a 6.86% increase. As at 31 January 2026:
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