79 Grace Street, Melton South VIC 3338
79 Grace Street, Melton South VIC 3338
5-bed family house | 586m² block | no parking listed | Melton South station nearby
This is a genuinely large family house in a suburb where most older stock tops out at three or four bedrooms. The five-bedroom, two-bathroom layout gives it a clear edge for buyers who need space for kids, guests, or a home office, and the 586m² block is consistent with the established suburban feel of the street. It sits in a pocket that draws first-home buyers, investors, and families, largely because the train station, shopping centre, and schools are all within easy reach. For a growing household that wants a conventional detached house with room to move, this one fits the brief better than most of what is typically listed in Melton South.
The lack of any listed car space is the main thing to weigh up. If the house has no off-street parking or only a narrow driveway, that could be a real limitation for a family with two cars. The property’s value may also depend on its internal condition and finishes, which are not clear from the available information. A dated interior might need budget for updates, while a renovated one could justify a stronger position. The asking range appears inconsistent across sources, so forming a view on price really requires inspecting the house directly and comparing it to similar five-bedroom homes that have actually sold nearby.
|| Comparable Sales: 27 Grace Street sold $580k–$630k; 35 Grace Street asked $520k | Property Price Band: $530k–$630k | Value Drivers: bedroom count, land size, condition, parking provision
Detailed Independent Property Report prepared by PropCred Analyst team for 79 Grace Street, Melton South VIC 3338
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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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: 27 Grace Street sold $580k–$630k; 35 Grace Street asked $520k | Property Price Band: $530k–$630k | Value Drivers: bedroom count, land size, condition, parking provision
Bedrooms
5
Bathroom
2
Parking
-
Land
586m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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