5 Fraser StreetMelton South VIC 3338
Property Details for 5 Fraser St, Melton South
5 Fraser St, Melton South is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 650m2 and floor size of 115m2.This Property is currently listed for rent with Ray White Cairnlea
Last Listing description (May 2026)
Positioned in a tightly held rental corridor of Melton South, this purpose-built and fully compliant Class 1B registered rooming house presents a rare opportunity to secure a high-performing co-living asset with immediate income and proven occupancy.
Configured with 9 lettable rooms, the property is currently fully tenanted, generating a combined rental income of $3,190 per week, or approximately $165,880 per annum. At a guide of $1.6 million, this reflects an approximate gross rental yield of 10.37%.
Designed and approved for rooming accommodation, the property is fully registered as a Class 1B rooming house, providing a compliant and established investment in a tightly held segment of the market. With all rooms leased and strong demand from the affordable housing sector, this is a set-and-hold asset with consistent cash flow and future rental upside.
Investment Highlights
Fully compliant and registered Class 1B rooming house
Purpose-built co-living asset in a high-demand location
9 lettable rooms fully tenanted
Current gross income of $3,190 per week
Approx. $165,880 per annum gross income
Approx. 10.37% gross yield at a $1.6M guide
Proven multi-income stream model
Strong demand from the affordable housing segment
Low vacancy profile with consistent cash flow
Approximate Monthly Outgoings
Power: $700
Water: $300
Internet: $79
Rates: $150
Insurance: $500
Waste management: $30
Cleaning: $100
Total approx. monthly expenses: $1,859
Total approx. annual expenses: $22,308
Approx. net income (before finance and management): $143,572 p.a.
Approx. net yield: 8.97%
Ideal for SMSF buyers and investors seeking a compliant, income-producing asset with immediate operational capability and strong underlying demand fundamentals.
For further information, contact:
Mark Lee 0400 627 238
Disclaimer: Certainty Property has taken all reasonable steps to ensure the information in this advertisement is accurate; however, we accept no responsibility for any errors, omissions, or inaccuracies. Prospective purchasers should conduct their own enquiries. Rental estimates are indicative only and subject to market conditions.
Property History for 5 Fraser St, Melton South, VIC 3338
- 01 Apr 2026Listed for Sale Not Disclosed
- 28 Nov 2025Listed for Sale $1,695,000
- 24 Oct 2025Listed for Rent $355 / week
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About Melton South 3338
The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2016 was 11517 people. By 2021 the population was 11362 showing a population decline of 1.4% in the area during that time. The predominant age group in Melton South is 0-9 years. Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a machinery operators and drivers occupation.In 2021, 61.00% of the homes in Melton South were owner-occupied compared with 63.70% in 2016.
Melton South has 7,746 properties. Over the last 5 years, Houses in Melton South have seen a 34.31% increase in median value, while Units have seen a 30.97% increase. As at 30 April 2026:
- The median value for Houses in Melton South is $592,166 while the median value for Units is $427,446.
- Houses have a median rent of $430 while Units have a median rent of $380.
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