56 Falcon Drive
Melton, 3337 VIC
1960 house on a 581 m² block with 40m frontage.
Property Snapshot
1960House3 Bed1 Bath0 Off Street581 m² Land117 m² Internal40m Frontage
Investment Highlights
What makes 56 Falcon Drive compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
581 m²
Frontage
40m
Zoning
GRZ1
Residential - Medium Density
Why Buyers Look At This One
Rare add-value profile — 1960 house on a 581 m² block and a 40m frontage.
Renovate upside — modest 117 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 274m to bus, 3.3km to train station and 1km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
3
Bathrooms
1
Parking
0 off-street
Internal Area
117 m²
Ownership & Value
Last Sold$500k
Sold DateApr 2026
Land Value—
RPD225\LP56959
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Corner LotWide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Market Status
Off Market
3 Bed Median
$524k
Growth Since 2026
—
Price Estimate
—Low
$500k
—High
VeryHigh Confidence
—
Since last sold — $500,000 — April 2026
Suburb 3 bed house median price over time
Rental Market
Yield, rental pricing and local leasing landscape.
Median Rent
$400
3 Bed Yield
4.0%
Vacancy
4.0%
Rentals Last 12M
22
Suburb 3 bed house median rent over time
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: No bushfire known in this area. Heritage: Aboriginal Cultural Heritage Sensitivity. Biodiversity: No biodiversity known in this area.
Location & Connectivity
Access to transport, schools and local amenity around 56 Falcon Drive.
Train Station
3.3km
Bus Stop
274m
Schools
1km
Road Type
residential
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
3.4%Train Station
3.3kmBus Stop
274mCentre Zone
1.1kmRoad Type
residential (Low Noise)School Catchment
1kmMelton Snapshot
Broader suburb metrics that support the local story.
Population
7,953
Owner Occupiers
62%
Social Housing
3.4%
Crime Index
—
Not available
High Owner Occupier AppealLow Stock on Market
Explore Melton in more detail
Deep dive into growth, demand, demographics and comparable sales.
View Suburb Profile
