Lot 1305 Hogan Street, Melton South VIC 3338

Melton South, VIC, Australia, 3338

$ 840,747

Melton South, VIC, Australia, 3338

Property Images

  • Dual Occupancy
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 151

Details

Updated on Oct 16, 2026

Property Type: Dual Occupancy
Price: $ 840,747
Land Price: $ 369,000
Build Price: $ 471,747
Gross Per Week: $ 860*
Gross Per Annum: $ 44,720
Gross Yield: 5.32%
Capital Growth 12 Months: 12.58%
10Yr Annualised Growth: 9.88%
Vacancy Rate: 4.74%
Property Size: 151 m2
Land Area: 400 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 2
Title Status: March 2027
Property ID: 41031
SKU: 1081

Description

This brand new dual occupancy property in Melton South offers investors two rental incomes from one title, combining a 3-bedroom main residence and a 2-bedroom secondary dwelling, with 2 and 1 bathroom respectively for a total of 5 bedrooms and 3 bathrooms, plus a double garage. The single-storey home spans 151 m2 of internal living on a 400 m2 allotment, with each dwelling designed for independent, low-maintenance living. Land registration is expected around March 2027, giving investors a clear timeline from contract to completion. The package includes quality finishes such as reconstituted stone benchtops to kitchen and bathrooms and stainless steel kitchen appliances, along with separate living zones that suit a wide range of tenants. With an estimated combined rental return of $860 per week, this dual occupancy property is positioned to deliver strong cash flow for a growing portfolio.

Melton South is an established suburb within the City of Melton on Melbourne's western fringe, home to Melton railway station on the Ballarat line. The suburb combines established streets with newer residential communities, offering local schools, parks and convenient access to the shopping and services of the Melton township. The Western Freeway provides road access to Melbourne and the wider western region. Strong population growth across the City of Melton continues to drive rental demand, making Melton South an appealing option for investors seeking affordability and growth.


Dual Occupancy Properties stand as a strong choice for investors looking to optimise land use and amplify their investment portfolio.

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

  • Single Storey
  • Full Landscaping
  • Full Fencing
  • Concrete Driveway
  • Dual Income
  • Dual Occupancy

Inclusions

  • LED downlights throughout
  • Semi-frameless shower screens
  • Clothesline
  • Tiled shower bases
  • Letterbox
  • semi-frameless shower screens
  • Minimum 7-Star energy rating
  • Reconstituted stone benchtops to kitchen and bathrooms
  • Stainless steel kitchen appliances
  • Quality timber laminate tile and carpet flooring
  • Remote controlled garage door
  • Door and window locks
  • Heating and cooling
  • Window furnishings and flyscreens
  • Heat pump hot water system
  • Colour through concrete driveway and porch
  • Full landscaping and full fencing
  • 3 phase power connection with switchboard upgrade
  • Separate water and power meters

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address Lot 1305 Hogan Street, Melton South VIC 3338
City N/A
State VIC
Postcode 3338
Suburb Melton South
Estate Maplewood Stage 13
Region Melbourne

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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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