4 Toolern StreetMelton South VIC 3338
Property Details for 4 Toolern St, Melton South
4 Toolern St, Melton South is a 3 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 656m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (May 2026)
Positioned in a highly convenient and rapidly evolving pocket of Melton South, this substantial 656sqm (approx.) allotment within the Residential Growth Zone (RGZ1) presents an outstanding opportunity for developers, investors, and landbank buyers alike.
Just a short walk to Melton South railway station, the property offers excellent day-to-day convenience with strong long-term growth prospects supported by major infrastructure investment and planning across Melbourne's western corridor.
Future connectivity enhancements, including the emerging Sunshine Super Hub and the Suburban Rail Loop linking toward Melbourne Airport, further reinforce the strategic importance of this location, alongside direct access to key hubs such as Footscray railway station, Southern Cross railway station an the new metro tunnel with footscray.
From a development perspective, RGZ1 zoning provides enhanced flexibility compared to standard residential zoning, offering strong potential for multi-dwelling or townhouse development (STCA), subject to council approval.
The existing three-bedroom residence is well-maintained and provides immediate rental or occupancy options, supported by generous off-street parking, including garage capacity for multiple vehicles, a long driveway, and additional tandem parking potential.
The home itself offers comfortable living with scope to renovate or enhance, while also serving as a strong holding asset during planning and design phases.
Whether you're looking to move in, invest, landbank, or develop, this is a rare opportunity to secure a property offering both immediate comfort and significant long-term upside.
Don't miss out.
For more information or to arrange an inspection, please contact: Socorro Gomez 0448 991 959
Property History for 4 Toolern St, Melton South, VIC 3338
- 21 Apr 2026Listed for Sale $599,000 - $629,000
- 04 Aug 2023Listed for Sale Not Disclosed
- 13 Nov 2021Sold for $505,000
Recent sales nearby
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About Melton South 3338
The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of 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 7,747 properties. Over the last 5 years, Houses in Melton South have seen a 35.28% increase in median value, while Units have seen a 28.05% increase. As at 31 March 2026:
- The median value for Houses in Melton South is $588,243 while the median value for Units is $420,529.
- Houses have a median rent of $430 while Units have a median rent of $380.
Suburb Insights for Melton South 3338
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