FOR SALE
750,000

17 & 7 A Scott Street
Melton VIC 3337

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 418m2
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Scott Street, Melton buy or lease

There are three ways this property is availble to buy :-
Option A 17 & 17 A Scott Street, Melton asking price $1.4 Million
Option B 17 Scott Street, Melton 201 m2 Corner Shop asking price $750,000
Option C 17 A Scott Street, Melton 217 m2 asking price $750,000
•This property boasts approved plans and permits for a versatile establishment encompassing a restaurant, apartments, and childcare facilities. Investors and developers will find ample potential in this pre-approved project.
Key Features:
• Approved plans and permits for an office space, pizza restaurant, 3 residential apartments, and a childcare facility across 3 levels.
• Total site area: 418 m2, providing substantial space for development.
• Ground floor features two offices, staff amenities, reception area, and a pizza restaurant.
• Upper levels comprise 2-3 bedroom apartments with kitchen, bathroom, laundry, family area, study, balcony, and common lift access with basement parking.
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Property Details for 17 & 7 A Scott St, Melton

Building Type
Commercial
Floor Size
418m2

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About Melton 3337

The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2011 was 7,592 people. By 2016 the population was 8,063 showing a population growth of 6.2% in the area during that time. The predominant age group in Melton is 60-69 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a trades occupation. In 2011, 64.8% of the homes in Melton were owner-occupied compared with 63.2% in 2016.

Melton has 5,161 properties. Over the last 5 years, Houses in Melton have seen a 22.63% increase in median value, while Units have seen a 13.90% increase. As at 31 October 2024:

  • The median value for Houses in Melton is $473,058 while the median value for Units is $373,025.
  • Houses have a median rent of $400 while Units have a median rent of $375.
There are currently 55 properties listed for sale, and 21 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in Melton.

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Samira Haidary
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Harminder Singh
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