48 Norma StreetMelton VIC 3337
Property Details for 48 Norma St, Melton
48 Norma St, Melton is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 530m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in March 2024.
Last Listing description (May 2024)
1. Location: The property's location in the heart of Melton, within walking distance to Woodgrove shopping center, schools, childcare, restaurants, and shopping precincts, can be a significant selling point. Proximity to amenities can make it attractive to potential tenants.
2. Property Size: The property sits on a spacious 530sqm allotment, which could offer opportunities for future development or expansion, depending on local zoning regulations.
3. Rental Potential: With 3 bedrooms, 1 bathroom, and 2 car spaces, this property could potentially appeal to families or individuals looking for a comfortable living space. It's important to research the local rental market to estimate the potential rental income.
5. Investment Potential: Emphasize the property's potential as an investment. Investors are often interested in properties that offer good rental income and the potential for capital appreciation over time.
6. Inspection: Encourage potential investors to schedule an inspection to see the property in person. It's essential for investors to evaluate the condition of the property and assess its suitability for their investment goals.
Don't miss out on this fantastic opportunity. Contact Sunil Gera on 0430 200 150 or Sunny Chopra on 0420 344 444 today.
Disclaimer: All distances mentioned are approximate and should be independently verified. All potential uses and development plans are subject to local zoning regulations and approval
Property History for 48 Norma St, Melton, VIC 3337
- 07 May 2024Listed for Sale Contact Agent!
- 25 Mar 2024Sold for $450,000
- 05 Oct 2023Listed for Sale $450,000 to $470,000
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 5,323 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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