7 Waratah Street, Melton South, Vic 3338

$587,000

House
Type
4
Bedrooms
2
Bathrooms
2
Parkings
594 m²
Area

Last updated on Monday, June 22, 2026 ( See property details for 7 Waratah Street, Melton South, Vic 3338)

$587,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile family home with a self-contained unit on a large block in a prime location, offering development potential and rental income opportunities.

🏡 Property Highlights

  • Dual dwelling setup offering flexible living options
  • Potential for future development (STCA) on a large 594m² block
  • Prime location with easy access to freeway, shopping, and schools
  • Currently tenanted with a fixed lease until 30/01/2027
  • Generous land size ideal for investment or family living
  • Separate self-contained unit perfect for extended family or rental income

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Outdoor Area
  • Garage
  • Security Screens / Gates
  • Ceiling Fans
  • Internal Laundry
  • Pet-Friendly
  • Extra Storage (Shed/Linen)

Melton South is a vibrant suburb offering excellent connectivity and amenities. It features a mix of family-friendly parks, shopping centres, and educational institutions. The area is ideal for investors and families seeking a convenient lifestyle with future growth prospects. Its strategic location provides easy access to major transport links, making commuting effortless. The community is welcoming, with a range of local services and recreational facilities enhancing everyday living.

What are the current lease details and rental income?
The property is currently leased until 30/01/2027 to tenants paying $460 per week.
Is there potential for future development on this property?
Yes, the property has development potential (STCA) due to its large 594m² allotment in a Residential Growth Zone.
What are the key features of the self-contained unit?
The self-contained unit includes one bedroom, one bathroom, its own kitchen, and an open-plan living and dining area.
How accessible is the property to local amenities?
The property offers easy access to the freeway, Woodgrove shopping centre, Melton South train station, schools, and shops.
What is the condition of the property?
The property is well-maintained, offering immediate usability with potential for future upgrades or development.
Are there any zoning restrictions or easements affecting the development potential? What are the council rates and any additional fees associated with the property? Are there any known issues or defects with the property or the self-contained unit? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or construction projects nearby that could impact the property?

7 Waratah Street, Melton South, Vic 3338 - More Details

$587,000

Type
House
Bedrooms
4
Bathrooms
2
Parkings
2
Area
594 m²

Price guide

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