45 Henry Street, Melton VIC 3337
45 Henry Street, Melton VIC 3337
3-bed detached house | 585m² land | 3/1/2 layout | Melton school catchment | family-oriented street
This is a straightforward family house on a proper landholding, which is becoming less common in Melton as townhouse infill accelerates. The 585m² parcel gives it a genuine edge over the unit and townhouse stock appearing along the same street, and the three-bedroom single-bathroom configuration suits first-home buyers or young families wanting a foothold in a suburb with solid amenity access. Its position within the Melton Primary and Secondary College catchments strengthens appeal for households prioritising school proximity, and the modest price range reflects a property that is likely original rather than renovated, meaning the buyer is paying for land and location before condition. The house serves best as an entry-level purchase where the buyer has capacity for gradual improvements, or as a rental holding given the steady demand for affordable family housing in this corridor.
The value picture may hinge on how the internal condition compares to other original houses in the area, since buyers typically discount dated kitchens and bathrooms more heavily than cosmetic wear. The land itself appears free of obvious overlay concerns, but the absence of confirmed details on aspect, building age, and any structural updates means the inspection will carry real weight in shaping offers. Market pace in Melton is brisk, so a well-presented house on this size block could attract multiple interested parties, while a tired interior might keep bidding more measured. Buyers should weigh the cost of any necessary updates against the land value, and consider that the single bathroom may limit appeal for some families despite the otherwise functional layout.
|| Comparable Sales: 47 Henry Street house sold at $470k; 2/24 Henry Street unit sold at $385k | Property Price Band: $500k–$600k | Value Drivers: land size, school catchment, original condition requiring potential updates
Detailed Independent Property Report prepared by PropCred Analyst team for 45 Henry Street, Melton VIC 3337
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Melton, 37km west of Melbourne’s CBD, is an established yet growing regional centre with a sub-$600k median house price. House medians range from $521k to $556k across sources, with annual growth of 11.7% to 13.5%. Units are softer: $380k to $410k, with growth of 0.9% to 7.9%. Houses sell in 22 to 76 days; a 100% clearance rate points to strong absorption. Weekly rents are $410 for houses and $390 for units, yielding 4.0% to 5.3%, attracting investors. Around 200 house sales annually shows steady turnover. The growing community and existing schools and shopping underpin future demand. The key constraint is data variance: price and growth figures differ materially across sources, while unit growth trails houses.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 47 Henry Street house sold at $470k; 2/24 Henry Street unit sold at $385k | Property Price Band: $500k–$600k | Value Drivers: land size, school catchment, original condition requiring potential updates
Bedrooms
3
Bathroom
1
Parking
2
Land
585m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!