Lot 1306 Hogan Street, Melton South VIC 3338
Melton South, VIC, Australia, 3338$ 830,747
- Dual Key
- Property Type
- 3+1
- Bedrooms
- 2+1
- Bathrooms
- 2
- Cars
- 143
Details
Updated on Oct 14, 2026
| Property Type: | Dual Key |
|---|---|
| Price: | $ 830,747 |
| Land Price: | $ 369,000 |
| Build Price: | $ 461,747 |
| Gross Per Week: | $ 810* |
| Gross Per Annum: | $ 42,120 |
| Gross Yield: | 5.07% |
| Capital Growth 12 Months: | 12.58% |
| 10Yr Annualised Growth: | 9.88% |
| Vacancy Rate: | 4.74% |
| Property Size: | 143 m2 |
| Land Area: | 400 m2 |
|---|---|
| Bedrooms: | 3+1 |
| Bathrooms: | 2+1 |
| Parking: | 2 |
| Title Status: | March 2027 |
| Property ID: | 41033 |
| SKU: | 1081 |
Description
This brand new dual key property in Melton South offers investors two rental incomes from one title, combining a 3-bedroom main residence and a 1-bedroom secondary dwelling, with 2 and 1 bathroom respectively for a total of 4 bedrooms and 3 bathrooms, plus a double garage. The single-storey home spans 143 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 $810 per week, this dual key 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 Key Properties stand as a prime choice for investors seeking innovative solutions to maximize their returns.
These properties are ingeniously designed to include two separate living spaces within one structure, allowing for dual rental income streams from a single investment.
This setup not only enhances the property's rental yield but also offers flexibility in tenant demographics, ranging from young professionals to small families.
The distinct separation of spaces ensures privacy while maintaining the potential for a communal lifestyle, catering to the modern tenant's desire for adaptable living arrangements.
Features
- Dual Key
- Single Storey
- Full Landscaping
- Full Fencing
- Concrete Driveway
- Dual Income
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.