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58 Henry Street, Melton$715,000
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58 Henry Street

Melton, VIC 3337, Australia
$715,000
3 bed 2 bath 5 car1012 m²

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About this property

Positioned on a substantial 1,012m² (approx.) allotment within Residential Growth Zone Schedule 1 (RGZ1), this is an outstanding opportunity to secure one of Melton's increasingly scarce large development sites in an established and highly connected location. Specifically designed to encourage increased housing density and future growth, Residential Growth Zone Schedule 1 provides exceptional flexibility for developers, builders and investors seeking their next project. Subject to Council Approval (STCA), buyers may wish to explore opportunities including multi-dwelling developments, townhouses, apartments, residential subdivision, childcare facilities, medical or consulting rooms, community facilities, places of worship and other compatible land uses permitted within the zoning. Adding further appeal is the property's outstanding dimensions, offering an impressive 20-metre frontage, 50.5-metre depth and a perfectly flat, rectangular allotment that provides an ideal foundation for future redevelopment. Whilst the future potential is undeniable, the existing residence presents an outstanding opportunity in its own right. Lovingly maintained by its long-term owners, the home offers three generous bedrooms, including a beautifully renovated ensuite to the master, while the stylish central bathroom has also been tastefully updated. Two separate living zones provide flexibility for families, with a spacious front lounge complemented by an open plan kitchen, dining and second living area that flows seamlessly to the expansive 6.0m x 6.4m undercover entertaining area. The timber kitchen has been updated with modern appliances and offers excellent storage and bench space, while the practical floorplan creates an ideal home to occupy, lease or hold whilst future development plans are considered. Outside, the infrastructure is equally impressive. A single garage with 4.6mx2.5m workshop under the main roof provides drive-through rear access, while double side gates open to the expansive backyard featuring a powered 9m x 6m freestanding shed, and additional single carport. Whether you're seeking storage for machinery, caravans, trailers, work vehicles or require substantial workshop space, the property is exceptionally well equipped. Located only moments from Melton Primary Schools, Woodgrove Shopping Centre, Public Transport, Medical Facilities, Melton Central Business District, Melton Train Station and major arterial road connections, this is exactly the type of location identified for continued residential growth and redevelopment. Opportunities to secure Residential Growth Zone Schedule 1 land of this size, shape and location are becoming increasingly difficult to find. Features 1,012m² (approx.) allotment Residential Growth Zone Schedule 1 (RGZ1) Outstanding development opportunity (STCA) Potential for multi-dwelling development (STCA) Potential childcare, medical, consulting and community facility uses (STCA) Approx. 20m frontage Approx. 50.5m depth Three bedrooms with built-in robes Renovated Bathrooms Two separate living areas Spacious front lounge Ducted heating Large 6.0m x 6.4m undercover entertaining area Single garage with workshop Drive-through rear access Double side gate access Powered 9m x 6m freestanding shed Rear single carport Ideal for trades, caravans, trailers and additional vehicle storage Excellent location close to schools, shopping, transport and medical facilities Whether your plans involve immediate redevelopment or enjoying a beautifully maintained family home while exploring the site's enormous potential, 58 Henry Street in the heart of Melton, represents an exceptional opportunity to capitalise on one of Melton's most desirable growth corridors. Proudly presented by Jade Carberry of First National Real Estate Melton. Contact Jade 0424 929 727 for more information or email sales@fnmelton.com.au Disclaimer & Buyer Due Diligence: All information provided has been prepared in good faith and is intended as a guide only. Whilst every effort has been made to ensure its accuracy, First National Real Estate Melton and the Vendor make no representation or warranty on the information provided. Interested parties should make their own enquiries and obtain independent advice regarding zoning, planning controls, dimensions, services, permits, development potential (STCA), building condition and any other matters relevant to their purchase. The Consumer Affairs Victoria Due Diligence Checklist can be viewed at consumer.vic.gov.au/duediligencechecklist. Personal information collected during the course of this campaign will be handled in accordance with the Privacy Act 1988 (Cth).

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
5
Land Area
1012 m²
Listed
2 weeks ago

Repayment calculator

$3,466/month
$1,733 /fortnight
Loan $572,000 at 6.10% over 30 years

Upfront costs

Deposit$143,000
Stamp duty$37,970
Conveyancing (est.)$2,000
Total upfront$182,970
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

This 3-bedroom house in Melton, VIC 3337 sits within reach of public transport, local shops and nearby schools. It is listed 25% above the $574,000 median of 61 comparable houseswithin 5 km.

Schools near Melton

  • Melton Specialist Schoolcombined · U · CoEd
  • Muhammadiyah Australia Collegecombined · Prep-9 · CoEd
  • Western English Language School-Melton Campuscombined
  • Kurunjang Primary Schoolprimary · Prep-6 · CoEd
  • Melton Primary Schoolprimary · Prep-6 · CoEd
  • Djerriwarrh Community & Education Services - Djerriwarrh Community Collegesecondary · 11-12 · CoEd

What's nearby

  • Unnamed (bus)235 m away
  • Foodworks188 m away
  • Harry Allen Reserve94 m away
  • Unnamed218 m away
  • Unnamed234 m away

Melton at a glance

Full suburb profile
Population
7,953
Median age
40
Household income
$1,058/wk
Median rent
$300/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melton price trend

Median sold · House 3 bed

Compound growth +3.0% / yr over 4 yrs

$540kcurrent median

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Price history

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2 price changes recorded for this property

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