95 Centenary Avenue Melton VIC 3337

95 Centenary Avenue Melton VIC 3337
4-bed family home | 591mยฒ block | 6-car capacity | Kurunjang school zone The property’s configuration is its primary competitive edge: a 4-bedroom house on a 591mยฒ lot with six car spacesโ€”including a two-car garage and carportโ€”is rare in central Melton. This setup serves families needing multiple vehicles, tradies requiring workshop space, or investors seeking dual-income potential via a future granny flat. The 55% site coverage and 323mยฒ building footprint leave room for extension or subdivision, while zoning for Kurunjang Primary and Secondary College adds stable tenant demand. The buyer gains a functional layout with a central lounge and pergola, positioned in an established area with FTTP connectivity as a supporting amenity. The main risk is the single bathroom, which limits appeal to larger families and may require renovation to maximise resale value. The 1978 build and 6m roof height suggest potential for a second-storey addition, but this would need council approval and capital outlay. Comparable sales on Centenary Avenue confirm a stable price floor, yet the property’s value lies in its land-to-building ratio and parking capacity, not cosmetic condition. Hold as a long-term family home or rent for $425โ€“$480 per week; the lot’s dimensions support a future subdivision or dual-occupancy development if zoning permits.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Melton is a well-established regional centre offering relative affordability within commuting distance of Melbourne. Demand is driven by buyers seeking value, supported by strong recent capital growth in the housing market, which is characterised by brisk sales and high clearance rates. Future growth is underpinned by its established infrastructure and community, though its trajectory remains sensitive to broader economic conditions influencing buyer affordability.
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PropCred Estimated Value

Bedrooms

4

Bathroom

6

Parking

6

Land

591mยฒ

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