83 Fairhaven Boulevard, Melton West VIC 3337
83 Fairhaven Boulevard, Melton West VIC 3337
Detached family house | Standard suburban lot | Built-era early 2000s | Strong rental demand | Family-oriented pocket
This property sits within an established residential street of detached family houses, a configuration that suits buyers seeking conventional suburban living rather than compact or high-density options. The house is likely single-level with three bedrooms, two bathrooms, and double garage, positioned on a mid-sized block that aligns with the surrounding neighbourhood character. For a family buyer or investor targeting Melton West, this property offers the practical essentials without premium frills, and the tight rental market in the area suggests consistent tenant interest if leased out. The street itself is quiet and residential, close to shopping, schools, and transport, which reinforces its appeal to owner-occupiers wanting everyday convenience.
The value of this house may be shaped by its condition and any updates completed since construction, as the original early-2000s fitout could feel dated compared to renovated neighbours. Presentation and landscaping might influence buyer perception more than the standard layout, given the uniformity of stock in this pocket. Buyers should weigh whether the lack of standout features like a pool or premium finishes is offset by the property’s solid family functionality and the suburb’s affordable entry point, since price growth here tends to track broader market movements rather than unique site attributes.
|| Comparable Sales: 63 Fairhaven Boulevard sold in the $545,000–$570,000 range; 74 Fairhaven Boulevard estimated around $630,000–$670,000 | Property Price Band: $550,000–$650,000 | Value Drivers: condition, land size, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 83 Fairhaven Boulevard, Melton West VIC 3337
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Melton West is a value-priced outer-suburban market with a clear houses-versus-units divergence. House medians ranged from $521,000 to $643,000 across sources, with annual growth between 11.6% and 13.8%, indicating strong buyer appetite. Units, by contrast, recorded medians from $395,000 to $432,500 and growth from -2.6% to 3.95%, signalling softer conditions. Houses sell in 22–36 days, with 184–209 sales in the past year, and gross yields of 3.7–4.2% for houses and 4.7–5.2% for units. Weekly median rents range from $410 to $430 for houses and $390 to $405 for units. Investor demand is supported by unit yields above 4.7%, while owner-occupier demand is reflected in house price growth and turnover. The key risk is the unit oversupply or weaker demand, evidenced by flat-to-negative unit price growth, plus sensitivity to interest-rate changes given the value-priced market.
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PropCred Estimated Value
Comparable Sales: 63 Fairhaven Boulevard sold in the $545,000–$570,000 range; 74 Fairhaven Boulevard estimated around $630,000–$670,000 | Property Price Band: $550,000–$650,000 | Value Drivers: condition, land size, presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
523m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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