FOR SALE
$1,650,000 - $1,800,000

41 Cypress Avenue
Brooklyn VIC 3012

Bedrooms: 12
Bathrooms: 6
Car spaces: 7
Land area: 1249m2
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Auction Time
Sat 8 Feb 12:30 pm
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Brooklyn's Rare Investment Gem

Nestled in the heart of Brooklyn, one of Melbourne's fastest-growing suburbs, this outstanding block of six single-level, 2-bedroom, 1-bathroom units offers a remarkable investment opportunity. Set on a generous 1,249 sqm (approx.) parcel of land, this property combines solid rental returns with future development potential (STCA).
Each 2-bedroom unit is thoughtfully designed, with practical layouts, light-filled interiors, and low-maintenance finishes that have attracted long-term tenants. The current rental returns showcase its consistent performance, generating approximately $84,000 in the last financial year.
The sheer scale of the land and its strategic location enhance the appeal for developers and investors alike. With its expansive block size, this property presents the possibility of multi-dwelling redevelopment or other lucrative ventures (subject to council approval).
Perfectly positioned within close proximity to essential amenities, 41 Cypress Avenue is a short drive to Altona Gate Shopping Centre, schools, parks, and Brooklyn's lively café culture. Access to the CBD is effortless via the nearby freeway, making this a prime location for urban living.
Don't miss this chance to secure a prime investment in a high-demand location with endless possibilities. Whether you're looking to expand your portfolio or explore development potential, 41 Cypress Avenue is a rare offering that demands attention.
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Property Details for 41 Cypress Ave, Brooklyn

41 Cypress Ave, Brooklyn is a 12 bedroom, 6 bathroom BlockOfUnits with 7 parking spaces. The property has a land size of 1249m2. The place is currently for sale with Ray White Altona.

Building Type
BlockOfUnits
Land Size
1249m2

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About Brooklyn 3012

The size of Brooklyn is approximately 5.5 square kilometres. It has 5 parks covering nearly 2.7% of total area. The population of Brooklyn in 2011 was 1,639 people. By 2016 the population was 1,863 showing a population growth of 13.7% in the area during that time. The predominant age group in Brooklyn is 30-39 years. Households in Brooklyn are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brooklyn work in a professional occupation. In 2011, 59.2% of the homes in Brooklyn were owner-occupied compared with 55.9% in 2016.

Brooklyn has 1,951 properties. Over the last 5 years, Houses in Brooklyn have seen a 7.53% increase in median value, while Units have seen a 14.64% increase. As at 30 November 2024:

  • The median value for Houses in Brooklyn is $816,439 while the median value for Units is $622,991.
  • Houses have a median rent of $550 while Units have a median rent of $513.
There are currently 12 properties listed for sale, and 7 properties listed for rent in Brooklyn on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Brooklyn.

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Andrew Dowton
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Richard Anile
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Ray White Altona
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