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.

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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.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

Wedge Park Primary School Primary Prep-6 Government 0.41km
St Francis Catholic College Secondary 7-12 Catholic 0.78km
St Catherine of Siena School Primary Prep-6 Catholic 0.91km
Melton West Primary School Primary Prep-6 Government 1.1km
Melton Secondary College Secondary 7-12 Government 1.4km
Arnolds Creek Primary School Primary Prep-6 Government 1.5km
OneSchool Global Vic Combined 3-12 Independent 2.0km
OneSchool Global Vic - Melton Centre Combined Independent 2.0km
Heathdale Christian College - Melton Campus Combined Independent 2.1km
Djerriwarrh Community & Education Services - Djerriwarrh Community College Secondary 11-12 Independent 2.3km
Kurunjang Secondary College Secondary 7-12 Government 2.5km
Kurunjang Primary School Primary Prep-6 Government 2.5km
St Dominic's School Primary Prep-6 Catholic 2.6km
Melton Primary School Primary Prep-6 Government 2.7km
Coburn Primary School Primary Prep-6 Government 2.7km
Melton Christian College Combined Prep-12 Independent 3.1km
Binap Primary School Primary Prep-6 Government 3.4km
Melton Christian College - Toolern Vale Campus Combined Independent 3.7km
Melton Christian College - Online Campus Combined Independent 3.7km
Al Iman College Combined Prep-12 Independent 3.9km
Staughton College Secondary 7-12 Government 4.0km
Muhammadiyah Australia College Combined Prep-9 Independent 4.3km
Melton Secondary College-CaLM Link up Campus Secondary Government 4.6km
St Francis Catholic College - Cobblebank Campus Secondary Catholic 6.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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