OFF MARKET

16 Toolern Street
Melton South VIC 3338

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 125m2
Land area: 2148m2
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Last updated 30 Dec 2024
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Property Details for 16 Toolern St, Melton South

16 Toolern St, Melton South is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 2148m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in February 2018.

Building Type
House
Floor Size
125m2
Land Size
2148m2
Local Government
Melton
Lot/Plan
1/TP418936

Last Listing description (September 2022)

Bigger is better with this highly sought-after parcel of land which is 2,148m2 (approx.) of Residential Growth Zone with dimensions being 25.4m x 84.5m (approx.) making it perfect for an investor or builder for a development site (subject to council approval). Situated in a prime location which is a stone's throw away from Melton Train Station, shops, schools and parks. This character filled home has three bedrooms plus study, gas heater, air conditioning and an additional 3 room storage building at the rear of the property. With a fixed term tenant until February 2022 leasing for $330 per week. Land like this is not often on the market. Be the winner and grab the opportunity before it's gone.

Auction Terms: 10% deposit and 30/60/90 days Settlement

Property History for 16 Toolern St, Melton South, VIC 3338

A timeline of how this property has performed in the market
Last Sold
$1,152,000
24 Feb 2018
Listed for Rent
$330/w
08 Feb 2021
  • 24 Mar 2021
    Listed for Sale 1,500,000
  • 29 Jan 2020
    Listed for Rent $330 / week
  • 20 Jul 2018
    Listed for Rent $320 / week
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About Melton South 3338

The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years. Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016.

Melton South has 7,622 properties. Over the last 5 years, Houses in Melton South have seen a 26.65% increase in median value, while Units have seen a 18.09% increase. As at 30 November 2024:

  • The median value for Houses in Melton South is $501,343 while the median value for Units is $358,419.
  • Houses have a median rent of $425 while Units have a median rent of $375.
There are currently 72 properties listed for sale, and 48 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 368 properties were sold in the past 12 months in Melton south.

Suburb Insights for Melton South 3338

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.