7 Waratah StreetMelton South VIC 3338
Property Details for 7 Waratah St, Melton South
7 Waratah St, Melton South is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 594m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 4 bedroom House sold in Melton South in the last 12 months.
Last Listing description (May 2026)
When it comes to location it does not get any better than this! With easy access to the freeway, Woodgrove shopping centre, Melton south train station, Al Iman college, schools, shops and much more, it is easy to understand why location matters!
This family home sits on a massive 594m2 (Approximately) allotment in Residential Growth Zone 1. Whether you are looking for your next family home, investment or development (STCA) this property presents an ideal opportunity.
The main residence offers comfortable living with three well-proportioned bedrooms, a central bathroom, a functional kitchen, and a spacious living area-perfect for everyday family life or immediate rental return.
Positioned on the same block, the second dwelling(Granny Flat) adds significant value and flexibility. Complete with one bedroom, one bathroom, its own kitchen, and open-plan living and dining area, it's ideal for extended family accommodation, guest use, or an additional income stream.
Whether you're looking to live in one and lease the other, accommodate multi-generational living, or maximise returns with dual tenancies, this property delivers on all fronts.
Adding to its appeal is the future development potential (STCA), making it an attractive proposition for those looking to capitalise on the land size and unlock further value down the track.
A property that combines immediate usability with long-term upside, this is an opportunity not to be missed. Currently tenanted to great tenants on a fixed term lease ending 30/01/2027 paying $460 per week.
Auction Terms 10% Deposit; Settlement 30, 45 or 60 days
Onsite & Online Auction on Saturday, 16th May, 2026 at 01:00pm sharp.
Property History for 7 Waratah St, Melton South, VIC 3338
- 16 May 2026Sold for $587,000
- 24 Apr 2026Listed for Sale 587000
- 20 Nov 2025Listed for Sale $549,000 - $589,000
Recent sales nearby
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0About 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 7,747 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.
Suburb Insights for Melton South 3338
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