1001 Albert Drive Melton South, VIC 3338

Melton South, Melton, VIC, 3338

$ 886,285 Sold

This property has sold.

Melton South, Melton, VIC, 3338
Dual Occupancy Investment Property in Melton South, VIC (4.52% Yield) | Aus Investment Properties - Photo 1

Property Images

Dual Occupancy Investment Property in Melton South, VIC (4.52% Yield) | Aus Investment Properties - Photo 1
  • Dual Occupancy
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on May 22, 2026

Property Type: Dual Occupancy
Price: $ 886,285
Land Price: $ 430,000
Build Price: $ 456,285
Gross Per Week: $ 770
Gross Per Annum: $ 40,040
Gross Yield: 4.52%
Capital Growth 12 Months: 5.17%
10Yr Annualised Growth: 9.88%
Vacancy Rate: 5.80%
Property Size: 205 m2
Land Area: 555 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 2
Land Title Date: Titled
Property ID: 24004
SKU: 1045
Sold: Jun 17, 2026

Description

This Dual Occupancy in Melton South has been carefully crafted to offer both practical living and solid returns. Featuring 3 bedrooms, 2 bathrooms and 2 car space/s, it balances functionality with contemporary style. Designed to meet the demands of modern tenants, it provides strong rental performance and long-term growth. Its combination of design, location and value makes it a reliable investment option. A smart addition to any property portfolio.

Melton South is a growing suburb in Melbourne's west, offering an excellent blend of affordability and infrastructure. It's well-connected by train and major roads, and home to a mix of established and new housing estates. With parks, schools, and shopping nearby, Melton South continues to attract families and investors looking for long-term growth potential. The suburb benefits from ongoing development and improved transport access, making it a strategic place to invest.

This Dual Occupancy in Melton South delivers a combination of modern comfort and investment strength. Its thoughtful design and strategic location make it a valuable option for buyers seeking both performance and practicality. An opportunity worth considering.

Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.

These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.

The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.

The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.

Features

  • Minimum 7-Star Energy Rating
  • Minimum 7-Star Energy Rating
  • Reconstituted stone bench tops to kitchen and bathrooms.
  • Reconstituted stone bench tops to kitchen and bathrooms.
  • Stainless steel kitchen appliances.
  • Stainless steel kitchen appliances.
  • Quality timber laminate, tile and carpet flooring.
  • Quality timber laminate, tile and carpet flooring.
  • LED downlights throughout
  • LED downlights throughout
  • Semi Frameless Shower Screens
  • Semi Frameless Shower Screens
  • Tiled shower bases
  • Tiled shower bases
  • Remote controlled garage door.
  • Remote controlled garage door.
  • Door and window locks.
  • Door and window locks.
  • Ducted heating and split system air conditioner.
  • Ducted heating and split system air conditioner.
  • Window furnishings and flyscreens
  • Window furnishings and flyscreens
  • Heat pump hot water system.
  • Heat pump hot water system.
  • Colour through concrete driveway and porch.
  • Colour through concrete driveway and porch.
  • Clothesline
  • Clothesline
  • Letterbox.
  • Letterbox.
  • Full landscaping and full fencing.
  • Full landscaping and full fencing.

Floor plans

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address 1001 Albert Drive Melton South, VIC 3338
City Melton
State VIC
Postcode 3338
Suburb Melton South
Estate Maplewood Stage 10

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

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