17/7A Scott Street, Melton, VIC 3337 | Property Value & History | OnTheHouse
OFF MARKET

17/7A Scott Street
Melton VIC 3337

Bedrooms: -
Bathrooms: -
Car spaces: -
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 17/7a Scott St, Melton

Building Type
Commercial
Local Government
Melton

Last Listing description (September 2024)

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.
Child area adds significant value.
Conveniently located on a corner block overlooking a children's park, amidst a bustling shopping strip with various amenities including food, medical, and retail businesses.
Current rental potential of up to $80,000+GST+Outgoings per annum from existing shops together as one on the property or $40,000+GST each for 17 & 17 a after subdisvison approval which will be done before settlement if sold with subdivison approval condition.

Contact for Inspection:

Interested parties, please contact Raj Singh - 0413579133, Harminder Singh - 0430220520 from SKAD Real Estate.

Disclaimer:

While utmost care has been taken to ensure the accuracy of the information provided, interested parties are advised to conduct their own inquiries to verify the details. The agency, its representatives, or the vendor shall not be liable for any loss or damage arising from the information provided.

Note:

Prospective purchasers/lessees are encouraged to conduct their own measurements, permit and council checks, and diligent research before entering into any agreements. Reproduction or use of photos without permission is prohibited.

Property History for 17/7a Scott St, Melton, VIC 3337

A timeline of how this property has performed in the market
  • 29 Aug 2024
    Listed for Sale 750,000
Commute Calculator

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 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 5,350 properties. Over the last 5 years, Houses in Melton have seen a 38.36% increase in median value, while Units have seen a 36.13% increase. As at 30 November 2025:

  • The median value for Houses in Melton is $534,731 while the median value for Units is $398,696.
  • Houses have a median rent of $410 while Units have a median rent of $395.
There are currently 42 properties listed for sale, and 30 properties listed for rent in Melton on OnTheHouse. According to Cotality's data, 285 properties were sold in the past 12 months in Melton.

Suburb Insights for Melton 3337

Market Insights
Melton Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Melton Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.