58 Henry Street, Melton VIC 3337

58 Henry Street, Melton VIC 3337
Three-bedroom, two-bathroom house on a 1,012 square metre block with a 20 metre frontage and 50.5 metre depth. Zoned Residential Growth Schedule 1. Includes a workshop, ducted heating, and ensuite. Positioned in an established, well-connected part of Melton. A significant land holding of over 1,000 square metres is offered here, a rarity within Melton’s established residential areas. A genuine development pathway is provided by the Residential Growth Zone designation, which is not common among nearby houses. This property is situated within an area where improved infrastructure and amenity are concentrated, adding to its repositioning potential. The house itself, with three bedrooms and ducted heating, remains functional for immediate occupation. Investors targeting long-term capital growth or developers seeking a knockdown-rebuild site are the most logical audience for this property. Value may be found by families who prioritise land size over turnkey finish. The condition of the existing dwelling and the exact building age may warrant inspection, as could the reported parking space count. The property’s ultimate value might be influenced by the pace of local residential redevelopment under the current zoning, which may not follow a predictable path.
Detailed Independent Property Report prepared  by PropCred Analyst team for 58 Henry Street, Melton VIC 3337
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Melton is a well-established regional centre offering relative affordability within commuting distance of Melbourne. Demand is driven by buyers seeking value, supported by strong recent capital growth in the housing market, which is characterised by brisk sales and high clearance rates. Future growth is underpinned by its established infrastructure and community, though its trajectory remains sensitive to broader economic conditions influencing buyer affordability.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

5

Land

1012m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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