OFF MARKET

4 Toolern Street
Melton South VIC 3338

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 94m2
Land area: 656m2
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Last updated 16 Dec 2024
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Property Details for 4 Toolern St, Melton South

4 Toolern St, Melton South is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 656m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1950
Floor Size
94m2
Land Size
656m2
Local Government
Melton
Lot/Plan
8/LP19888

Last Listing description (August 2023)

Located in the perfect position in Melton South. Reliance Real Estate Melton is proud to present this generous parcel of land which is 656 sqm. with no easements issues and recently zoned RGZ by Melton Council, this property has great development potential for multi units and townhouses (subject to council approval) which is a superb opportunity, whether looking to move-in with family or as an investor. Situated in the prime location of Melton South, you are within walking distance of the train station, bus stops, shops, schools and local parks.

This property is also suitable for first home buyer wanting to enter the market

Walking into the property, step inside to the cozy lounge room flowing through to the dining and kitchen featuring ample cupboard and bench space.

It's a perfect location for anyone and everyone to even travel to work as you don't have to buy a Country line train ticket even though its V-Line train station as you pay the same cost of a travel ticket as anyone living in Melbourne Zone 2. This is one perfect investment property. Comprising of 3 good-sized bedrooms and 1 bath areas.

Stepping outside to the large backyard space with great side access. This property has many potentials, such as to keep the existing property and build an additional unit or demolish and build multiple units as there is potential for subdivision.

Don't miss out on this impressive home. Please feel free to call or email me if you have any further questions

Book in your appointments now, as we assure you, this one won't last long! For more information contact: Sandy Rana on 0406 922 222 or Socorro Gomez on 0448 991 959

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Property History for 4 Toolern St, Melton South, VIC 3338

A timeline of how this property has performed in the market
Last Sold
$505,000
13 Nov 2021
Listed for Rent
$220/w
01 Dec 2011
  • 04 Aug 2023
    Listed for Sale Not Disclosed
  • 13 Nov 2021
    Sold for $505,000
  • 26 Oct 2021
    Listed for Sale $460,000-$490,000
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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 71 properties listed for sale, and 48 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 366 properties were sold in the past 12 months in Melton south.

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