9 Andrew Street, Melton South VIC 3338

9 Andrew Street, Melton South VIC 3338
4 bed, 2 bath on 825sqm | three living zones | quiet Melton South pocket | 5 car accommodation The propertyโ€™s strongest buying case rests on its rare combination of generous land size and multiple living zones in a quiet pocket of Melton South โ€” a configuration that immediately appeals to families requiring separation of spaces and room to grow. The main bedroom with ensuite, two separate carports plus garage, and the absence of flood or bushfire overlays reduce hidden holding costs and broaden the buyer pool at resale. This house is best suited to an owner-occupier seeking long-term value in a corridor where land content is increasingly compressed on newer subdivisions. The primary risk sits in the gap between the vendorโ€™s asking range and recent valuation estimates, which sit noticeably lower โ€” meaning the buyer must negotiate from a position of confirmed market evidence, not list price. The 2004 last sale date offers no recent price anchor, so due diligence on comparable settled sales in the immediate street is essential. The minor inconsistencies in bedroom and land counts across listings suggest a need for physical verification before offer. Hold this property as a family home with optionality to subdivide or develop the rear portion over a medium-term horizon, given the lot depth and council zoning.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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

4

Bathroom

2

Parking

5

Land

825mยฒ

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