166 Coburns RoadMelton VIC 3337
Property Details for 166 Coburns Rd, Melton
Last Listing description (June 2024)
Raine & Horne Land Victoria is delighted to offer sale of operating Medical centre with a prime location of Melbourne's Western Suburb of Melton. An Opportunity not to be missed by Medical Professionals and Investors which has a 5.5% rental return approximately.
It comes under the General Residential Zone (Schedule 1) and is situated right next to woodgrove shopping centre on Coburns Road which is Melton's one of the main road.
This property is currently being used as a medical Centre making it quite suitable for medical professionals and other investors. Ample parking space on the property.
• Zone: General Residential Zone (Schedule 1)
• With a rental return 5.5%
• Renowned Operating Medical Centre
• 5 minutes' drive to Melton Train Station
• Quick access to freeway
• 45 minutes' drive to Melbourne CBD
Call Abdul Haseeb Syed 0402717084 today for further enquiries.
Interested parties should conduct their due diligence prior to making any submissions. Given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 166 Coburns Rd, Melton, VIC 3337
- 27 May 2024Listed for Sale Contact Agent
- 14 Oct 2019Listed for Sale $300,000 - $330,000
- 08 Jul 2015Sold for $300,000
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About Melton 3337
The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2016 was 8069 people. By 2021 the population was 7953 showing a population decline of 1.4% in the area during that time. The predominant age group in Melton is 30-39 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a machinery operators and drivers occupation.In 2021, 62.10% of the homes in Melton were owner-occupied compared with 63.20% in 2016.
Melton has 5,350 properties. Over the last 5 years, Houses in Melton have seen a 38.36% increase in median value, while Units have seen a 36.13% increase. As at 30 November 2025:
- The median value for Houses in Melton is $534,731 while the median value for Units is $398,696.
- Houses have a median rent of $410 while Units have a median rent of $395.
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