Back 1 Fraser St
Off Market

1 Fraser St

Melton South VIC 3338

3
1
2
640 m²
House
Last sold for $550,000
Dimitrios KallitsisDimitrios Kallitsis, last sold this property on 24 March 2026 after 36 days on market.

Overview

Flexibility and Future Potential on 649m² (Approx)

In-Room Auction Wednesday 25th March @ 6pm Melton Entertainment Park 2 Ferris Road, Melton Set on an impressive 649m² (approx.) allotment in a tightly held and well-connected pocket of Melton South, 1 Fraser Street presents a compelling opportunity for investors, renovators, builders and buyers seeking genuine long-term upside. The existing home offers a traditional footprint comprising three generously proportioned bedrooms, a large lounge room, meals area, central bathroom, extra small in-wall toilet, and a spacious kitchen zone, providing flexibility for those considering a substantial renovation or reconfiguration. A separate laundry with external access, side access and a large garage further enhance the practicality of the site. A standout feature of the property is the expansive backyard, complemented by a separate detached bungalow. This additional structure presents an exciting opportunity for buyers to explore renovation or conversion options, including the potential to create a self-contained one-bedroom, one-living space or granny flat (STCA) - an attractive proposition for extended families, dual-occupancy living or investors seeking future versatility. One of the key advantages is the abundance of space on offer, ideal for buyers needing room for trailers, boats, jet skis or multiple vehicles - a lifestyle benefit that is becoming increasingly rare in newer developments. The real value, however, lies in the land and positioning. With generous dimensions and a functional allotment layout, the property presents strong scope for future redevelopment or subdivision potential (STCA), making it a strategic acquisition for those looking to add value over time. The location further strengthens the offering. Situated in an established residential area and within easy reach of transport, schooling, shopping and medical services, this address is underpinned by strong infrastructure and ongoing local demand. With excellent connectivity to the Melton township and surrounding amenities, 1 Fraser Street offers space, flexibility and future opportunity in a location that continues to perform. Nearby Points of Interest (Approximate Distances): • Melton South Train Station - approx. 450m • Woodgrove Shopping Centre - approx. 1.8km • Melton South Primary School - approx. 650m • Melton Secondary College - approx. 1.1k • Melton Hospital - approx. 2.4km • 1 Fraser St Melton South is going to auction on the 25th of March at 6pm. If you're interested in this property, you must register to participate. The auction will be held at the Melton Racecourse Events Centre both in-room and online. Address: 2 Ferris Rd, Melton VIC 3337 • To register, please copy and paste this url into a browser: https://portal.bidtracker.com.au/auctions/ba440c48-2c3e-4065-845d-8451ff7c72bb/register-bidder/ Photo ID Required for All Property Inspections Please refer to the link below for the most recent Due Diligence Checklist: https://bit.ly/RWDue_Diligence Please refer to the link below for Ray White's Collection Notice: https://bit.ly/RW_PrivacyNotice DISCLAIMER: All dimensions are approximate. The details provided are for general information purposes only and do not constitute any representation by the vendor or real estate agent. This document has been prepared solely for marketing purposes. While every effort has been made to ensure the accuracy of the information, we do not accept responsibility for any errors. Prospective buyers should conduct their own inquiries to verify the information provided.

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
640 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Melton South over the last 12 months, the estimated median property value of 1 Fraser St is $540k.

Median value
$540k
Estimated value range
$402k - $850k
Median days on market
31
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Melton South. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Fraser St

2026
Sold
$550,000
24 Mar 2026 by Dimitrios Kallitsis, of Ray White Melton
2018
Rented
Undisclosed
Leased on 10 Dec 2018 by YPA Estate Agents Melton
2017
Sold
$395,000
Private Sale/Treaty on 29 Aug 2017 by Shane O'Brien, of YPA Estate Agents Melton

Happy sellers in Melton South

91%
91% of sellers in Melton South reported that their sale price either exceeded or met their price expectations.

Melton South stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 185 reviews in Melton South over the last 12 months.

Local market activity for 3 bedroom houses in Melton South

In the last 12 months, 228 three-bedroom houses similar to 1 Fraser St, have been sold.

This represents a 21% increase in three-bedroom houses sales when compared to the previous 12 months.

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