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This property has been sold for $570,000 on 25 Feb 2026
12 days on market
PropRadar's estimate today
$570,156
Range $480,449 to $630,861
Estimated rent $470 per week
Our own model, free and instant, from comparable sales near this property. Not yet confirmed against outside sources.
Market context at sale
Asking Price
$460,000 - $495,000
Provider valuations aren't available for sold properties. The estimate above is PropRadar's own read on what it would be worth today.
Property overview
This 2-bedroom unit at 252B Melrose Drive in Tullamarine, VIC 3043 sold for $570K in February 2026, with 1 bathroom and parking for 1. It offers 124 m2 of internal living space. Tullamarine sits about 15 km from the CBD, where the median unit price is $595K. There are 41 schools within roughly 5km, and the area scores 46 for walkability and 2 for transit out of 100.
More in Tullamarine
For sale now
- 33/200 Melrose DriveApartment · 2 bed · 1 bath$490,000 - $520,000
- 1/250 Melrose DriveApartment · 2 bed · 1 bath$420,000 - $460,000
- 2/167 Melrose DriveTownhouse · 3 bed · 2 bath$630,000 - $670,000
- 1/338 Melrose DriveTownhouse · 3 bed · 2 bath$680,000 - $720,000
Recently sold nearby
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Based on $495,000 asking signal.
Signals use available listing and suburb data. They are not personal financial advice.
Listed
Updated
Days on market
12
Investment Score
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Tullamarine at a glance
Unit market signals | VIC 3043
Median
$595K
Market signals
To CBD
15 km
Est. Valuation
$675,250
Potential Sell Price
Est. Rent/wk
$570
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Total Cost to Purchase
- Purchase Price
- $495,000
- Stamp Duty (Victoria)
- $24,770
- Transfer/Registration Fee
- $1,500
- Legal & Conveyancing (est.)
- $2,000
- Building & Pest Inspection (est.)
- $700
- Total Cash Required
- $523,970
Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.
Listing Details
- Listed
- Last Updated
- Postcode
- 3043
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Positive cashflow properties under $500K in Australia
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Auction vs private sale: which gets sellers a better price
14,000 matched sales by sale method, state, and property type. How far above guide to budget.
How accurate are AU property valuations?
Four providers benchmarked against 14,000 sold prices. MAE 6.82% to 11.24%, all biased high.
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