77 Penang Avenue, Melrose Park, SA 5039 | Property Value & History | OnTheHouse
OFF MARKET

77 Penang Avenue
Melrose Park SA 5039

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
Land area: 689m2
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Property Details for 77 Penang Ave, Melrose Park

77 Penang Ave, Melrose Park is a 4 bedroom, 1 bathroom House with 3 parking spaces and was built in 1956. The property has a land size of 689m2. While the property is not currently for sale or for rent, it was last sold in July 2017.

Building Type
House
Year Built
1956
Land Size
689m2
Local Government
Mitcham
Lot/Plan
A82/D3428

Last Listing description (June 2017)

This delightful family home has significant street appeal to spare. Situated at the very popular and prized easterly precinct of Penang Avenue it is set amid other attractive homes. A captivating mix of 1950s character coupled with space and amenity it will warmly welcome its second ever new owner.
Real estate in this tightly held inner suburb is now most sought after and quality offerings such as this are indeed rare. First impressions are important and here they incorporate a sunny northerly aspect over a large and well cared for front garden.

The homes spacious interior comprises a large lounge and kitchen meals area together with four bedrooms, constructed so as to allow for easy conversion of bedrooms 3 and 4 into a large family room at the rear of the property. Built-in robes and storage options abound.
Features include;
* Solid double brick exterior with tiled roof
* Heated and cooled by reverse cycle air conditioning
* Mammoth covered side patio area with high remote controlled roller door - ideal for car and boat enthusiasts
* Parking for boat or trailer on the other side of the home
* Oil heating to lounge room
* Gas cooking
* Easy care terrazzo floors in wet areas
* Bus transport to the City, with Flinders Hospital and University only a stone's throw away.
This appealing home will attract first home buyers seeking to share in the advantages that inner-suburban living offers. It will also appeal to clever investors interested in building a location valuable property portfolio.
The property will be offered for sale by Auction on Saturday 27th May at 11.00am.
Council: City of Mitcham
Council Rates: $1,219.02 per annum
SA Water: $174.99 per quarter
ESL: $250.00 per annum
Land Size: 702sqm (approx)
Year Built: 1956
Zoning: Residential (CP)PA8

Property History for 77 Penang Ave, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$561,000
17 Jul 2017
  • 17 Jul 2017
    Sold for $561,000
  • 02 May 2017
    Listed for Sale $465,000
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About Melrose Park 5039

The size of Melrose Park is approximately 1.3 square kilometres. It has 4 parks covering nearly 1.5% of total area. The population of Melrose Park in 2016 was 2211 people. By 2021 the population was 2319 showing a population growth of 4.9% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation.In 2021, 66.00% of the homes in Melrose Park were owner-occupied compared with 68.20% in 2016.

Melrose Park has 1,195 properties. Over the last 5 years, Houses in Melrose Park have seen a 96.38% increase in median value, while Units have seen a 106.80% increase. As at 30 April 2026:

  • The median value for Houses in Melrose Park is $1,307,008 while the median value for Units is $734,617.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Melrose park on OnTheHouse. According to Cotality's data, 58 properties were sold in the past 12 months in Melrose park.

Suburb Insights for Melrose Park 5039

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.