Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
$715,000
Last sold
13 July 2026
3
Bedrooms
2
Bathrooms
5
Car spaces
1,012 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$715,000
13 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Melton (last 5 years) with land size have a median of $911/m² of land (n=149). Districts calculation from recorded sales — not a valuation.
Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
Vs Melton
+24.5%
Median sale
Suburb $574,500
-0.74 pp
Gross yield
Suburb 3.74%
Suburb median $574,500 from 110 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $413/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate MeltonPositioned on a substantial 1,012m² (approx.) allotment within Residential Growth Zone Schedule 1 (RGZ1), this is an outstanding opportunity to secure one of Melton's increasingly scarce large development sites in an established and highly connected location.
Specifically designed to encourage increased housing density and future growth, Residential Growth Zone Schedule 1 provides exceptional flexibility for developers, builders and investors seeking their next project. Subject to Council Approval (STCA), buyers may wish to explore opportunities including multi-dwelling developments, townhouses, apartments, residential subdivision, childcare facilities, medical or consulting rooms, community facilities, places of worship and other compatible land uses permitted within the zoning.
Adding further appeal is the property's outstanding dimensions, offering an impressive 20-metre frontage, 50.5-metre depth and a perfectly flat, rectangular allotment that provides an ideal foundation for future redevelopment.
Whilst the future potential is undeniable, the existing residence presents an outstanding opportunity in its own right.
Lovingly maintained by its long-term owners, the home offers three generous bedrooms, including a beautifully renovated ensuite to the master, while the stylish central bathroom has also been tastefully updated. Two separate living zones provide flexibility for families, with a spacious front lounge complemented by an open plan kitchen, dining and second living area that flows seamlessly to the expansive 6.0m x 6.4m undercover entertaining area.
The timber kitchen has been updated with modern appliances and offers excellent storage and bench space, while the practical floorplan creates an ideal home to occupy, lease or hold whilst future development plans are considered.
Outside, the infrastructure is equally impressive.
A single garage with 4.6mx2.5m workshop under the main roof provides drive-through rear access, while double side gates open to the expansive backyard featuring a powered 9m x 6m freestanding shed, and additional single carport. Whether you're seeking storage for machinery, caravans, trailers, work vehicles or require substantial workshop space, the property is exceptionally well equipped.
Located only moments from Melton Primary Schools, Woodgrove Shopping Centre, Public Transport, Medical Facilities, Melton Central Business District, Melton Train Station and major arterial road connections, this is exactly the type of location identified for continued residential growth and redevelopment.
Opportunities to secure Residential Growth Zone Schedule 1 land of this size, shape and location are becoming increasingly difficult to find.
Features
• 1,012m² (approx.) allotment
• Residential Growth Zone Schedule 1 (RGZ1)
• Outstanding development opportunity (STCA)
• Potential for multi-dwelling development (STCA)
• Potential childcare, medical, consulting and community facility uses (STCA)
• Approx. 20m frontage
• Approx. 50.5m depth
• Three bedrooms with built-in robes
• Renovated Bathrooms
• Two separate living areas
• Spacious front lounge
• Ducted heating
• Large 6.0m x 6.4m undercover entertaining area
• Single garage with workshop
• Drive-through rear access
• Double side gate access
• Powered 9m x 6m freestanding shed
• Rear single carport
• Ideal for trades, caravans, trailers and additional vehicle storage
• Excellent location close to schools, shopping, transport and medical facilities
Whether your plans involve immediate redevelopment or enjoying a beautifully maintained family home while exploring the site's enormous potential, 58 Henry Street in the heart of Melton, represents an exceptional opportunity to capitalise on one of Melton's most desirable growth corridors.
Proudly presented by Jade Carberry of First National Real Estate Melton. Contact Jade 0424 929 727 for more information or email sales@fnmelton.com.au
Disclaimer & Buyer Due Diligence: All information provided has been prepared in good faith and is intended as a guide only. Whilst every effort has been made to ensure its accuracy, First National Real Estate Melton and the Vendor make no representation or warranty on the information provided. Interested parties should make their own enquiries and obtain independent advice regarding zoning, planning controls, dimensions, services, permits, development potential (STCA), building condition and any other matters relevant to their purchase. The Consumer Affairs Victoria Due Diligence Checklist can be viewed at consumer.vic.gov.au/duediligencechecklist. Personal information collected during the course of this campaign will be handled in accordance with the Privacy Act 1988 (Cth).
Listing description written by Jade Carberry, First National Real Estate Melton — reproduced as published, not verified by Districts.