5 Karen Place

Off Market

5 Karen Place

Melton West VIC 3337

748 m²

House

Last sold for $488,000

Joe Mavrikos, last sold this property on 29 September 2026 after 22 days on market.

Overview

A Versatile Investment Opportunity on 748m² (Approx.)

In-Room Auction Wednesday 30th September @ 6pm Melton Entertainment Park 2 Ferris Road, Melton Positioned on a substantial 748m² (approx.) allotment in a quiet Melton West court, 5 Karen Place presents an excellent opportunity for investors seeking a property with generous land and future potential. Offering a practical floorplan, multiple living zones and plenty of outdoor space, this is a property that provides both immediate functionality and long-term flexibility. The home comprises three well-sized bedrooms, with the master featuring its own ensuite and built-in robe, while the remaining bedrooms are serviced by a central bathroom. A separate retreat and dedicated home office provide additional flexibility, appealing to a wide range of tenants including families and professionals working from home. The central kitchen connects seamlessly with the dining area, while the spacious living room provides a second living zone. Outside, the property offers two covered pergola areas, providing excellent entertaining space, along with a substantial carport and plenty of additional land. The generous 748m² allotment also provides scope for investors to explore future improvements or redevelopment potential, subject to council approval. With its combination of solid landholding and versatile accommodation, this property is well suited to investors looking to secure a sizeable parcel of land in an established Melton West location. Close to schools, shops, public transport, parklands and everyday amenities, 5 Karen Place offers an opportunity to secure a property with both lifestyle appeal and long-term investment potential. 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/RWPrivacyNotice 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

2 bathrooms

2 carspaces

2 carport spaces

748 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Melton West over the last 12 months, the estimated median property value of 5 Karen Place is $575k.

Median value

$575k

Estimated value range

$56k - $835k

Median days on market

Estimated value trend

10%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Melton West. 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 Karen Place

2026

Sold

$488,000

29 Sep 2026 by Joe Mavrikos, of Ray White Melton

Happy sellers in Melton West

91%

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

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

This is based on voluntary sentiment collected from 75 reviews in Melton West over the last 12 months.

Local market activity for 3 bedroom houses in Melton West

In the last 12 months, 129 three-bedroom houses similar to 5 Karen Place, have been sold.

This represents a 45% increase in three-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Melton West for a free market appraisal.

Jesse Singh

at Local Expertz Realty | Melton

4.9

(496 reviews)

Get a free market appraisal

Rutuja Gaikwad

at Reliance Real Estate Melton

4.9

(150 reviews)

Get a free market appraisal

Daniel Mammone

at LJ Hooker Melton

(28 reviews)

Get a free market appraisal

Arun Mahajan

at Ray White Melton

(17 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melton West

Jesse Singh

Sellers who recommend Jesse Singh have praised them for being clear communication, local expert, responsive, honest, reliable, supportive and friendly

4.9 (496 reviews)
26 Reviews in Melton West
26 Sales in Melton West

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Rutuja Gaikwad

Sellers who recommend Rutuja Gaikwad have praised them for being clear communication, local expert, responsive, friendly, honest, easy to work with and great negotiation