121 Palmerston Street, Melton, VIC 3337 | House for sale | OnTheHouse
 
FOR SALE
$529,000 - $569,000

121 Palmerston Street
Melton VIC 3337

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 108m2
Land area: 585m2
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The Perfect Blend of Location & Lifestyle (STCA)

The Perfect Blend of Location & Lifestyle
Perfectly positioned in the heart of Melton and set on a generous 585m² (approx.) allotment, this well-presented three-bedroom home offers an outstanding opportunity for investors, first home buyers and families alike. Enjoy the convenience of being close to local schools, shopping centres, public transport, parks and all the everyday amenities Melton has to offer.
Inside, the home features three spacious bedrooms, including a master with built-in robes, all serviced by a central bathroom. Multiple living areas provide flexibility for the whole family, while a dedicated study space offers the perfect setting for working from home, study or a quiet workspace. The functional kitchen provides plenty of cupboard space and overlooks the main living area.
Stepping outside, you'll discover a generous backyard complete with a massive shed, ideal for tradies, car enthusiasts, additional storage or a workshop, along with plenty of space for outdoor entertaining, gardening and family enjoyment.
The generous 585m² (approx.) allotment also provides potential for future subdivision, subject to council approval and the necessary planning requirements (STCA), adding another dimension of opportunity for buyers looking to maximise the landholding.
Additional features include split-system air conditioning, heating, a garden shed, secure fencing and gated access to both the front and backyard.
Currently leased on a periodic tenancy returning $400 per week, the property provides immediate rental income, making it an excellent addition to any investment portfolio.
Combining a convenient central location, flexible living spaces, substantial outdoor storage and potential for future subdivision, this property presents an opportunity not to be missed.
Contact us today to arrange your inspection.
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Property Details for 121 Palmerston St, Melton

121 Palmerston St, Melton is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 585m2 and floor size of 108m2. The place is currently for sale with Barry Plant - Melton.

Building Type
House
Floor Size
108m2
Land Size
585m2
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About Melton 3337

The size of Melton is approximately 20.3 square kilometres. There are 23 parks, covering nearly 11.7% of the total area. The population of Melton in 2016 was 8069 people. By 2021 the population was 7953 showing a population decline of 1.4% in the area during that time. The predominant age group in Melton is 30-39 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 machinery operators and drivers occupation.In 2021, 62.10% of the homes in Melton were owner-occupied compared with 63.20% in 2016.

Melton has 5,381 properties. Over the last 5 years, Houses in Melton have seen a 25.20% increase in median value, while Units have seen a 34.51% increase. As at 31 July 2026:

  • The median value for Houses in Melton is $553,252 while the median value for Units is $445,345.
  • Houses have a median rent of $410 while Units have a median rent of $400.
There are currently 51 properties listed for sale, and 35 properties listed for rent in Melton on OnTheHouse. According to Cotality's data, 241 properties were sold in the past 12 months in Melton.

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Ned Nikolic
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Barry Plant - Melton
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