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558 High Street, Melton West$589,500
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558 High Street

Melton West, VIC 3337, Australia
$580,000 – $599,000
681 m²

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About this property

Stockdale and Leggo Real Estate are proud to present 558 High Street, Meltown West. This rare and generous 681m² vacant allotment presents an outstanding opportunity for investors, builders and developers, boasting fully approved planning permits and plans for two side-by-side, High Physical Support Specialist Disability Accommodation dwellings, each suitable for two participants. With approvals already in place, buyers are afforded a valuable head start to appoint a builder and commence construction within weeks, fast-tracking their entry into the high-yield SDA market. Perfectly positioned along High Street in the heart of Melton West, the property enjoys superb convenience, just 38km from Melbourne's CBD and within close proximity to Woodgrove Shopping Centre with its major retailers, dining options and cinema. Families and future residents alike will appreciate the choice of nearby schools, including Melton West Primary, Melton Secondary College, St Francis Catholic College and Melton Specialist School, while excellent public transport links are provided by Melton Railway Station. Surrounded by established community facilities, parks and growing suburban amenities, this address blends everyday liveability with exceptional investment potential. Beyond its approved SDA plans, the block also offers flexibility for alternate development opportunities, with its wide frontage and high-exposure setting opening the door to future commercial or residential projects (STCA). Plans are available on request, allowing buyers to secure this versatile and well-connected site and move quickly to capitalise on one of Melton West's most compelling opportunities. For more information contact Rahul on 0481 364 666. Note: While every precaution has been taken to ensure the accuracy of the above information, it does not constitute any representation by the vendor or the agent. Prospective purchasers are advised to carry out their own investigations.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
681 m²
Listed
3 months ago

Repayment calculator

$2,858/month
$1,429 /fortnight
Loan $471,600 at 6.10% over 30 years

Upfront costs

Deposit$117,900
Stamp duty$30,440
Conveyancing (est.)$2,000
Total upfront$150,340
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melton West

This land in Melton West, VIC 3337 sits within reach of public transport, local shops and nearby schools. It is listed 0% below the $590,000 median of 67 comparable landswithin 5 km.

Schools near Melton West

  • OneSchool Global Viccombined · 3-12 · CoEd
  • OneSchool Global Vic - Melton Centrecombined
  • Melton West Primary Schoolprimary · Prep-6 · CoEd
  • St Catherine of Siena Schoolprimary · Prep-6 · CoEd
  • Wedge Park Primary Schoolprimary · Prep-6 · CoEd
  • St Francis Catholic Collegesecondary · 7-12 · CoEd

What's nearby

  • Woodgrove Shopping Centre/High Street (bus)339 m away
  • Lowes248 m away
  • Unnamed76 m away
  • West Melton Recreation Reserve341 m away
  • Unnamed397 m away

Melton West at a glance

Full suburb profile
Population
8,784
Median age
36
Household income
$1,450/wk
Median rent
$320/wk
Median mortgage
$1,500/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melton West price trend

Median sold · House 4 bed

Compound growth +4.0% / yr over 4 yrs

$650kcurrent median

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Price history

Price history

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