1/256 Melrose Drive, Tullamarine VIC 3043
1/256 Melrose Drive, Tullamarine VIC 3043
3 bed townhouse on 239m² lot | Modern double-storey design | Low-maintenance appeal | Zoned residential no overlays | Near Tullamarine schools. This three-bedroom townhouse on a 239sqm lot suits downsizers or young professionals seeking low-maintenance living near airport and school zones. Its double-storey layout delivers practical space across 114sqm of internal area, balancing open living with private bedrooms for everyday family use. Sitting in a Melrose Drive complex, it blends seamlessly into a street of similar townhouses, offering shared low-upkeep benefits without the demands of a detached home. Buyers drawn to these properties often include first-home couples or investors eyeing steady rental yields around $565-625 weekly. Comparable townhouses in the local area hold value through Tullamarine’s airport-driven demand, maintaining appeal amid steady suburb growth. The 239sqm lot provides modest courtyard potential without excess mowing, aligning with modern preferences for effortless outdoor access. Free from bushfire, flood or heritage overlays in Hume Council, it carries low regulatory risk for long-term holding. Reliable NBN fibre and 5G coverage further bolsters its position for remote workers or tech-savvy occupants. Overall, this setup positions it well for stable appreciation in a market favoring compact, connected residences.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/256 Melrose Drive, Tullamarine VIC 3043
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✓
Insight: Tullamarine VIC 3043
Tullamarine is located near Melbourne Airport and benefits from strong employment opportunities linked to logistics and aviation industries. Housing demand is driven by local families and workers seeking convenient access to employment hubs. House prices remain relatively affordable compared with inner suburbs. The suburb offers strong transport connections to the CBD.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst