31 Scott StreetMelton VIC 3337
Property Details for 31 Scott St, Melton
Last Listing description (May 2023)
Nitin Miglani and 361 Degrees Real Estate proudly present this property with high potential that includes a front retail area and a beautifully appointed three bedroom split level rear dwelling with private courtyard and 2-car space, which could either be used for an owner's own residence or for the potential to derive significant rental income.
This gem is positioned in busy shopping hubs in central Melton surrounded by established businesses like a medical centre, restaurant, convenience centre, liquor shop etc and perfectly located in a thriving suburban shopping strip.
Moments from the High Street, it also offers easy access to local parks and schools.
> Zoned Commercial 1 (C1Z)
> Land Area 222 sqm*
> Shopfront Retail with a Toilet and kitchen
> 3 Bedroom 2 Bathroom 2 car space split level residence with Private Courtyard
> Well-appointed Kitchen
> Offered with Vacant Possession
> Potential Income $50,000 pa*
> Prospect of Two tenancies with Rear access for the dwelling providing flexibility and security of multiple income streams
> Neighbouring Tenants including Medical Centre, Restaurant, Convenience store & Liquor Shop, Pizza cafe etc
> Suit Investors/Owners Occupiers/Developers (STCA)
*approx
Don't miss out on the chance to secure this perfect investment with huge potential.
For all enquiries or to arrange an inspection, please contact Nitin on 0432 515 701.
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 31 Scott St, Melton, VIC 3337
- 30 Sep 2021Listed for Sale $1,100,000 to $1,200,000
- 19 May 2015Listed for Sale $720,000 NEGOTIABLE
- 22 May 2013Listed for Sale POA CONTACT AGENT
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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.
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