64 Station Road, Melton South VIC 3338
64 Station Road, Melton South VIC 3338
3 bed, 1 bath, 1977 build | 609sqm lot, 185sqm house | 30% site coverage, 4m ceiling height | FTTP and 5G in place | Auction listing, no recent sale data
This house on a generous 609sqm lot with only 30% building coverage offers rare expansion potential in a market where land is the primary value driver. The 4m roof height and 125m elevation signal solid construction and drainage advantage. For a buyer seeking a long-term hold with renovation or extension optionality, the low site coverage and absence of flood or heritage overlays reduce approval friction. It suits a family buyer who values proximity to Coburn Primary and Staughton College, or an investor targeting the $375–$435 weekly rental band in a residential zone with strong NBN and 5G coverage as tenant appeal.
The main risk is the 1977 build age—mechanical systems, insulation, and possibly asbestos may require capital within five years. The single bathroom limits immediate family appeal and resale velocity. No sold price history since 2022 and a short market exposure of five days suggest the vendor may be testing price rather than transacting. The opportunity lies in negotiating below the $520,000–$542,000 estimated range, using the auction format and lack of recent comparable sales as leverage. Hold this property as a renovation play or land bank; the lot size and zoning make it a candidate for future subdivision if council policy shifts.
Detailed Independent Property Report prepared by PropCred Analyst team for 64 Station Road, Melton South VIC 3338
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
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
Bedrooms
3
Bathroom
1
Parking
1
Land
609m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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