2 Palmerston Street, Melton, VIC 3337 | Property Value & History | OnTheHouse
 
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2 Palmerston Street
Melton VIC 3337

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5020m2
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Property Details for 2 Palmerston St, Melton

Building Type
Land
Land Size
5020m2
Local Government
Melton
Lot/Plan
3/LP110819

Last Listing description (May 2018)

Approx 5000m2 in a stunning location and zoned industrial zone 3 allowing for many pursuits including childcare, supermarket, retail, factories and storage just to mention a few. Just minutes from Melton CBD, Western Fwy and Woodgrove Shopping Centre. Melton city is going through unprecedented growth with huge infrastructure investment including the $7bn Outer metro ring road. With huge potential and long settlement preferred (12mths) this opportunity is not to be missed. Call me today for details, or a private inspection.

Property History for 2 Palmerston St, Melton, VIC 3337

A timeline of how this property has performed in the market
Last Sold
$1,620,000
13 Apr 2018
  • 13 Apr 2018
    Sold for $1,620,000
  • 02 Nov 2017
    Listed for Sale Not Disclosed
  • 31 May 2001
    Sold for $295,000
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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 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, 284 properties were sold in the past 12 months in Melton.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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