18 Mcdonald Street, Melton South, VIC 3338 | Property Value & History | OnTheHouse
FOR SALE

18 Mcdonald Street
Melton South VIC 3338

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 102m2
Land area: 586m2
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Property Details for 18 Mcdonald St, Melton South

18 Mcdonald St, Melton South is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 586m2 and floor size of 102m2.This Property is currently listed for sale with Ray White - Melton

Building Type
House
Year Built
1975
Floor Size
102m2
Land Size
586m2
Local Government
Melton
Lot/Plan
6/LP55461

Last Listing description (May 2026)

Positioned in one of Melton South's fastest-growing and most strategically located pockets, this outstanding property presents an exceptional opportunity for investors, land bankers, and future developers looking to secure a foothold within the thriving western growth corridor.

Set on a substantial allotment of approximately 583m within the sought-after Residential Growth Zone Schedule 1 (RGZ1), this property offers immediate rental return combined with exciting long-term potential (STCA).

Conveniently located within walking distance to Melton South Train Station, local shopping precincts, primary and secondary schools, parklands, and everyday amenities, the location continues to attract strong tenant demand and ongoing infrastructure-driven growth.

The home itself offers a practical and functional floorplan comprising:

Three generously sized bedrooms, all fitted with built-in robes

Central family bathroom

Spacious formal lounge area

Open-plan kitchen with ample bench space and storage

Adjoining meals and family area

Adding further appeal, the kitchen has been freshly renovated shortly before the current tenancy commenced, giving investors confidence in one of the home's most important value-add components while enhancing tenant appeal.

Stepping outside, the property continues to impress with a huge undercover pergola and decking entertainment area, creating the perfect space for entertaining family and friends all year round. Completing the package is a massive double car garage ideal for securely storing vehicles, tools, trailers, or weekend toys, while the long side driveway provides excellent off-street parking and easy access through to the rear of the property.

Currently leased at $430 per week on a month-to-month tenancy, the property provides immediate holding income while still allowing flexibility for future plans.

With Melton South continuing to experience significant population growth, infrastructure investment, transport demand, and increasing buyer activity, opportunities like this within RGZ1 are becoming increasingly difficult to secure.

Whether you are looking to:

Expand your investment portfolio

Land bank in a high-growth corridor

Explore future development potential (STCA)

Secure a strong rental property in a proven growth location

18 McDonald Street is a smart acquisition with both present-day income and future upside. Call Dimi today on 0406 631 757 for further information.

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Image Disclaimer: Some images have been digitally enhanced for marketing presentation purposes, including brightness, colour correction, exposure adjustment and virtual de-cluttering. No intentional changes have been made to the property's layout, room dimensions, permanent fixtures, structural features or key property characteristics. Images are a guide only and buyers should rely on their own inspection, enquiries, measurements and independent due diligence before making any purchasing decision.

Please refer to the link below for the most recent Due Diligence Checklist:
https://bit.ly/RWDue_Diligence

Please refer to the link below for Ray White's Collection Notice:
https://bit.ly/RW_PrivacyNotice

DISCLAIMER: All dimensions are approximate. The details provided are for general information purposes only and do not constitute any representation by the vendor or real estate agent. This document has been prepared solely for marketing purposes. While every effort has been made to ensure the accuracy of the information, we do not accept responsibility for any errors. Prospective buyers should conduct their own inquiries to verify the information provided.

Property History for 18 Mcdonald St, Melton South, VIC 3338

A timeline of how this property has performed in the market
Last Sold
$460,000
28 Jun 2023
Listed for Rent
$400/w
01 Nov 2023
  • 26 May 2026
    Listed for Sale $600,000
  • 17 Oct 2023
    Listed for Rent $400 / week
  • 28 Jun 2023
    Sold for $460,000
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About Melton South 3338

The size of Melton South is approximately 5.4 square kilometres. There are 23 parks, covering nearly 11.3% of the total area. The population of Melton South in 2016 was 11517 people. By 2021 the population was 11362 showing a population decline of 1.4% in the area during that time. The predominant age group in Melton South is 0-9 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 machinery operators and drivers occupation.In 2021, 61.00% of the homes in Melton South were owner-occupied compared with 63.70% in 2016.

Melton South has 7,744 properties. Over the last 5 years, Houses in Melton South have seen a 34.31% increase in median value, while Units have seen a 30.97% increase. As at 30 April 2026:

  • The median value for Houses in Melton South is $592,166 while the median value for Units is $427,446.
  • Houses have a median rent of $430 while Units have a median rent of $380.
There are currently 75 properties listed for sale, and 49 properties listed for rent in Melton south on OnTheHouse. According to Cotality's data, 447 properties were sold in the past 12 months in Melton south.

Suburb Insights for Melton South 3338

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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.