Lot 1305 Hogan Street, Melton South VIC 3338
Melton South, VIC, Australia, 3338$ 840,747
- 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.
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Read More »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.