48 Monash Street, Melton South VIC 3338

48 Monash Street, Melton South VIC 3338
Renovated family house|three bedrooms two bathrooms|multiple living areas|larger-than-average block|active established market A renovated three-bedroom, two-bathroom house on a block of roughly 590 square metres is regarded as a strong family offering in Melton South. The presence of multiple living areas and a separate dining space is considered a practical advantage over older single-living-area homes. Its position on an established street is seen as attractive to first-home buyers and young families seeking yard space and parking without inner-suburban prices. The property is well suited to owner-occupiers looking for a move-in-ready home, while its rental appeal is supported by a functional layout and modern connectivity. The absence of a confirmed solar aspect and construction year may be weighed against the benefit of a renovated interior. Land size reported at 585 to 595 square metres might be interpreted differently by buyers. The two-bathroom configuration is likely to be valued positively relative to older three-bedroom homes. Market conditions and family buyer demand are expected to influence the final price more than individual features.
Detailed Independent Property Report prepared  by PropCred Analyst team for 48 Monash Street, Melton South VIC 3338
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Melton South presents as an affordable entry point with a market characterised by robust sales activity and strong rental demand, particularly from local income earners. This demand is driving notable rental growth and relatively swift sales, especially for units. While recent house price growth has moderated compared to broader Melbourne, the market conditions remain active. Future performance may be constrained by its historical underperformance relative to the metropolitan average and local income levels.
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PropCred Estimated Value

Comparable Sales: 1 Monash Street (sold 2022) and 52 Monash Street (similar size) | Property Price Band: $500,000-$600,000 | Value Drivers: renovated condition, land area, two bathrooms

Bedrooms

3

Bathroom

2

Parking

2

Land

585m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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