26/16-18 Mckenzie StreetMelton VIC 3337
Property Details for 26/16-18 Mckenzie St, Melton
26/16-18 Mckenzie St, Melton is a 1 bedroom, bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 23m2. While the property is not currently for sale or for rent, it was last sold in December 2017.
Last Listing description (December 2017)
These separately titled suites are located in a well-run and purpose built facility catering for the elderly and adults who require day to day support and care. Two units are available now to the astute investor seeking a low maintenance investment. There are many advantages of investing in strata aged care suites, some of which include:
Facility has been in operation for over 10 years
Long leases 10 years plus 10+10 commenced Feb 2013
Freehold title
Water rates, council rates and insurance paid by the tenant
CPI increases annually
State Government approved tenant
Shown steady increases in value over the past 10 years
Units 3 and 26
Rent $6,962.76 per annum
Price $95,000 per unit
For further details about this excellent opportunity please request a memorandum.
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ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.
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Property History for 26/16-18 Mckenzie St, Melton, VIC 3337
- 17 Dec 2017Sold for $91,000
- 21 Sep 2017Listed for Sale SOLD!
- 23 Mar 2004Sold for $55,000
Recent sales nearby
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0About Melton 3337
The size of Melton is approximately 20.3 square kilometres. There are 23 parks, covering nearly 11.7% of the 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 5,324 properties. Over the last 5 years, Houses in Melton have seen a 30.88% increase in median value, while Units have seen a 38.63% increase. As at 31 May 2026:
- The median value for Houses in Melton is $558,598 while the median value for Units is $443,839.
- Houses have a median rent of $410 while Units have a median rent of $390.
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