40 Riddle Drive, Melton VIC 3337
40 Riddle Drive, Melton VIC 3337
40 Riddle Drive, Melton VIC 3337. Three bedrooms, one bathroom, two parking spaces. Land size 585m² with a building footprint of 247m². Single-storey house with side access, garage, multiple sheds, and workshop space. Zoned for Melton Primary School and Kurunjang Secondary College. No bushfire, flood, or heritage overlays.
What sets this property apart is not its finishes but its utility. The side access and substantial workshop and shed space make it genuinely rare for a standard residential lot in Melton. This configuration suits tradies, hobbyists, or anyone needing secure storage for vehicles or equipment — a buyer profile often underserved in this price bracket. The single bathroom is a constraint, but the land coverage at 42% leaves meaningful outdoor space without feeling oversized. Positioned in a low-density residential pocket with no hazard overlays and reliable NBN and 5G, the property sits comfortably within Melton’s affordable family market. It competes not on polish but on practicality, and for the right buyer that is a clear advantage.
The single bathroom may narrow the buyer pool compared to typical 3-bedroom homes in the suburb, which often offer two. This could affect how quickly the property sells or the final price achieved, particularly if neighbouring homes are more updated. The building age is not confirmed, and without recent upgrade details, a buyer should factor in potential maintenance or renovation costs. The rental yield at roughly 3.6% is moderate for outer Melbourne, so an investor may want to confirm local vacancy trends. These are not dealbreakers, but they are worth weighing when forming a view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Riddle Drive, Melton VIC 3337
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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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
3
Bathroom
1
Parking
2
Land
584m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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