Lot 1316 Hogan Street, Melton South VIC 3338 (3+1 bed 143 m2)

Melton South, VIC, Australia, 3338

$ 776,957

Melton South, VIC, Australia, 3338
Dual Key Investment Property in Melton South, VIC (4.82% Yield) | Aus Investment Properties - Photo 1

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Dual Key Investment Property in Melton South, VIC (4.82% Yield) | Aus Investment Properties - Photo 1
  • Dual Key
  • Property Type
  • 3+1
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 143

Details

Updated on Oct 21, 2026

Property Type: Dual Key
Price: $ 776,957
Land Price: $ 340,000
Build Price: $ 436,957
Gross Per Week: $ 720
Gross Per Annum: $ 37,440
Gross Yield: 4.82%
Capital Growth 12 Months: 12.58%
10Yr Annualised Growth: 9.88%
Vacancy Rate: 4.74%
Property Size: 143 m2
Land Area: 350 m2
Bedrooms: 3+1
Bathrooms: 2+1
Parking: 2
Title Status: March 2027
Property ID: 42159
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 single garage plus an additional car space. The single-storey home spans 178 m2 of internal living across both dwellings (143 m2 main and 36 m2 secondary) on a 350 m2 allotment, with each dwelling designed for independent, low-maintenance living. Located in the master-planned Maplewood estate, the land is expected to register in March 2027, giving investors a clear timeline from contract to completion under a fixed price, full turnkey package. The package includes quality finishes such as reconstituted stone benchtops to kitchen and bathrooms and stainless steel kitchen appliances, along with a minimum 7-star energy rating and full landscaping and fencing. With an estimated combined rental return of $720 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. Within the suburb, the Maplewood community sits only minutes from the Melton town centre, with Woodgrove Shopping Centre and Coburn Central nearby, a bus stop at the estate entry and direct access to the Western Freeway and Melton railway station, which provides services to Southern Cross and Flinders Street stations.


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
  • 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

Floor plans

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address Lot 1316 Hogan Street, Melton South VIC 3338 (3+1 bed 143 m2)
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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