85 Melville RoadPascoe Vale South VIC 3044
Property Details for 85 Melville Rd, Pascoe Vale South
Last Listing description (November 2016)
85 Melville Road is a superb opportunity for savvy investors to capitalise on a steady income stream from the current established tenant who has just resigned for a further 5 year term as at July 2016. Perfectly positioned within the Residential Growth Zone, this property also provides excellent future development potential in this ideal location within Brunswick, with tram access out the front and easy access to Citylink.
Currently used as Factory/warehousing with small office, the property features the following attributes:
- Building Area 185 sqm (approx)
- New 5 year lease at $25,447 pa net + Outgoings
- Annual increases of 3.5% pa
- Approximately 4 Carspaces at the front
For more information, please contact the above agent.
Property History for 85 Melville Rd, Pascoe Vale South, VIC 3044
- 22 Jul 2022Transferred
- 11 Aug 2016Listed for Sale Not Disclosed
- 07 Jun 2006Sold for $490,000
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About Pascoe Vale South 3044
The size of Pascoe Vale South is approximately 3.1 square kilometres. There are 10 parks, covering nearly 5.2% of the total area. The population of Pascoe Vale South in 2016 was 10069 people. By 2021 the population was 10534 showing a population growth of 4.6% in the area during that time. The predominant age group in Pascoe Vale South is 40-49 years. Households in Pascoe Vale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pascoe Vale South work in a professional occupation.In 2021, 74.40% of the homes in Pascoe Vale South were owner-occupied compared with 76.60% in 2016.
Pascoe Vale South has 4,929 properties. Over the last 5 years, Houses in Pascoe Vale South have seen a 1.04% increase in median value, while Units have seen a 9.39% increase. As at 30 June 2026:
- The median value for Houses in Pascoe Vale South is $1,215,759 while the median value for Units is $688,349.
- Houses have a median rent of $720 while Units have a median rent of $550.
Suburb Insights for Pascoe Vale South 3044
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