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5 Phillip Street

Melton South VIC 3338

4
2
2
723 m²
House
Currently for sale - view listing

Overview

Spacious Family Home with Strong Rental Return (525 PW) & Subdivision Potential!

5 Phillip Street, Melton Positioned on a generous 726sqm (approx.) allotment, 5 Phillip Street presents an outstanding opportunity for investors, families and developers seeking a property offering both immediate rental income and future potential. Currently leased privately to long-term tenants returning $525 per week, the property provides a solid income stream from day one while the substantial landholding offers the potential to explore subdivision or future development (STCA). The home offers a spacious and functional floorplan comprising four bedrooms and three bathrooms, including an ensuite, along with separate lounge and dining areas providing plenty of space for comfortable family living. The kitchen is equipped with 900mm appliances, while the home also features ducted heating, evaporative cooling and ceiling fans throughout for year-round comfort. The main bedroom includes a built-in robe and ceiling fan, while additional bedrooms offer built-in robes and ceiling fans, with two bedrooms featuring ensuites. Outside, the property provides a side access gate, pergola, synthetic grass and shed, creating a practical and low-maintenance outdoor environment. Property Highlights - 726sqm (approx.) allotment - Four bedrooms - Three bathrooms - Main bedroom with built-in robe and ensuite - Additional bedrooms with built-in robes - Separate lounge and dining areas - Kitchen with 900mm appliances - Ducted heating - Evaporative cooling - Ceiling fans - Side access gate - Pergola - Synthetic grass - Shed - Currently leased privately to long-term tenants - Current rental return of $525 per week - Potential subdivision/development opportunity (STCA) Whether you're looking to secure a strong investment, accommodate a growing family or explore the future development potential of a substantial block, 5 Phillip Street offers a versatile opportunity in a sought-after location. Inspection is highly recommended to appreciate the space, landholding and potential this property has to offer. (PHOTO ID REQUIRED AT OPEN FOR INSPECTION) Contact us today! Lj Hooker TEAM welcomes you and looks forward to meeting you at the inspections. DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please see the below link for an up-to-date copy of the Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
723 m² lot size
House

Happy sellers in Melton South

88%
88% 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 199 reviews in Melton South over the last 12 months.

Local market activity for 4 bedroom houses in Melton South

In the last 12 months, 355 four-bedroom houses similar to 5 Phillip Street, have been sold.

This represents a 43% increase in four-bedroom houses sales when compared to the previous 12 months.

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