Back 5/1 Reserve Road West
Off Market

5/1 Reserve Road West

Melton VIC 3337

2
1
1
156 m²
Unit
Last sold for $270,000
David ThompsonDavid Thompson, last sold this property on 26 April 2021 after 94 days on market.

Overview

Central Investment

Immaculate 2 bedroom unit walking distance to the High Street shopping precinct, all level schools, public transport and walking tracks makes this ideal for the first home buyer, down-sizer or investor looking to add to their portfolio. Two bedrooms with built in robes, security shutting on most windows, kitchen overlooking the dining and lounge which includes heating and cooling, direct access to the pergola from the meals area and to the single garage.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
156 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Melton over the last 12 months, the estimated median property value of 5/1 Reserve Road West is $420k.

Median value
$420k
Estimated value range
$357k - $460k
Median days on market
27
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Melton. 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 5/1 Reserve Road West

2021
Rented
Undisclosed
Leased on 08 Aug 2021 by Raine & Horne Melton
2021
Sold
$270,000
Private Sale (EOI) on 26 Apr 2021 by David Thompson, of Raine & Horne Melton

Happy sellers in Melton

89%
89% of sellers in Melton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 24 reviews in Melton over the last 12 months.

Local market activity for 2 bedroom units in Melton

In the last 12 months, 12 two-bedroom units similar to 5/1 Reserve Road West, have been sold.

This represents a 30% increase in two-bedroom units sales when compared to the previous 12 months.

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