650 Jester Drive Cobblebank, VIC 3338

Cobblebank, Melton, VIC, 3338

$ 1,091,990 Sold

This property has sold.

Cobblebank, Melton, VIC, 3338
Dual Occupancy Investment Property in Cobblebank, VIC (3.81% Yield) | Aus Investment Properties - Photo 1

Property Images

Dual Occupancy Investment Property in Cobblebank, VIC (3.81% Yield) | Aus Investment Properties - Photo 1
  • Dual Occupancy
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on Jun 22, 2026

Property Type: Dual Occupancy
Price: $ 1,091,990
Land Price: $ 596,000
Build Price: $ 495,990
Gross Per Week: $ 800**
Gross Per Annum: $ 41,600
Gross Yield: 3.81%
Capital Growth 12 Months: 5.17%
10Yr Annualised Growth: 9.88%
Vacancy Rate: 5.80%
Property Size: 205 m2
Land Area: 648 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 2
Land Title Date: Due Soon!
Property ID: 27872
SKU: 1045
Sold: Sep 11, 2026

Description

Positioned within the growing suburb of Cobblebank, this Dual Occupancy offers a modern solution for comfortable living and smart investment. With 3 bedrooms, 2 bathrooms and 2 car space/s, it provides a layout that supports both functionality and lifestyle. Its design focuses on ease of living, making it attractive to a wide range of tenants and buyers. Backed by strong growth potential, it stands as a reliable and future-ready property. An ideal addition to any portfolio.

Cobblebank is an emerging master planned suburb within Melbourne's western growth corridor, approximately 40km from the CBD. Located in the City of Melton, it is supported by Cobblebank Train Station and direct access to the Western Freeway, ensuring strong connectivity. Significant government investment in education, health and community infrastructure, including the future Melton Hospital and expanding retail precincts, is strengthening long-term growth fundamentals. As residential development continues, Cobblebank is experiencing rising housing demand supported by infrastructure expansion and population growth.

Combining modern design, location and investment potential, this Dual Occupancy in Cobblebank offers a well-rounded opportunity. It delivers both immediate appeal and long-term value, making it suitable for a wide range of buyers. A property that stands strong in today's market.

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

  • 6-Star Energy Rating
  • 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.
  • Reconstituted stone bench tops to kitchen and bathrooms.
  • Stainless steel kitchen appliances.
  • Stainless steel kitchen appliances.
  • Stainless steel kitchen appliances.
  • Quality timber laminate, tile and carpet flooring.
  • Quality timber laminate, tile and carpet flooring.
  • Quality timber laminate, tile and carpet flooring.
  • LED downlights throughout
  • LED downlights throughout
  • LED downlights throughout
  • Semi Frameless Shower Screens
  • Semi Frameless Shower Screens
  • Semi Frameless Shower Screens
  • Tiled shower bases
  • Tiled shower bases
  • Tiled shower bases
  • Remote controlled garage door.
  • Remote controlled garage door.
  • Remote controlled garage door.
  • Door and window locks.
  • Door and window locks.
  • Door and window locks.
  • Ducted heating and split system air conditioner.
  • Ducted heating and split system air conditioner.
  • Ducted heating and split system air conditioner.
  • Window furnishings and flyscreens
  • Window furnishings and flyscreens
  • Window furnishings and flyscreens
  • Heat pump hot water system.
  • Heat pump hot water system.
  • Heat pump hot water system.
  • Colour through concrete driveway and porch.
  • Colour through concrete driveway and porch.
  • Colour through concrete driveway and porch.
  • Clothesline
  • Clothesline
  • Clothesline
  • Letterbox.
  • Letterbox.
  • Letterbox.
  • Full landscaping and full fencing.
  • Full landscaping and full fencing.
  • Full landscaping and full fencing.
  • Allowance for Acoustics
  • Provide approx 20m linear fencing and 148m2 turf

Floor plans

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address 650 Jester Drive Cobblebank, VIC 3338
City Melton
State VIC
Postcode 3338
Suburb Cobblebank
Estate Willowstone - Stage 6

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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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