7 Waratah Street, Melton South VIC 3338

Property Details: • Type: House

• Bedrooms: 4 • Bathrooms: 2

Description: 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 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.