508 High StreetMelton VIC 3337
Property Details for 508 High St, Melton
508 High St, Melton is a 3 bedroom, 2 bathroom House with 5 parking spaces. The property has a land size of 588m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom House sold in Melton in the last 12 months.
Last Listing description (March 2024)
Currently operating as a Beauty & Day Spa, this is a rare opportunity to secure a versatile property with incredible exposure on this strategic main road location with thousands of cars passing each day positioned right across the road from Woodgrove Shopping Centre, also just minutes away from High Street Shopping Strip & Western Freeway.
LEASE TERM
- 3 years commencing 15/10/22
- $33,990 per annum with 3% increase yearly
- All outgoings paid by the tenant
Purpose built & completed to an exceptionally high standard with the option to be utilised for multiple uses including Medical Centre, Day Spa, Child Care Centre ect.
The property also presents an opportunity for multi-residental development (STCA)
- Generous floorplan with modern flooring & quality fittings
- Reception/waiting room area
- Adjoining staff lounge
- Three (3) rooms including one with spa bath
- Kitchen and laundry utilised as staffroom
- Main bathroom with spa bath & separate toilet
- Split system
- Three (3) visitor car spaces plus ample on street parking
- Side access with double garage in the rear
- Excellent signage potential (STCA)
Zoning: General Residential Zone - Schedule 1 (with commercial lease)
Property History for 508 High St, Melton, VIC 3337
- 15 Dec 2023Sold for $685,000
- 10 Mar 2023Listed for Sale Under Contract - Matt Christakakis
- 08 Sep 2022Listed for Rent $33,000 / year
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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.
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