FOR SALE
$102,000 - $112,000

119/116-130 Main Drive
Macleod VIC 3085

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Prime Investment Opportunity in Springthorpe Estate

For astute investors looking to grow or diversify their portfolio, this is an exceptional opportunity to acquire a high-yield cash flow property in the highly sought-after Springthorpe Estate. Located just moments from La Trobe University, the Plenty Rd tram, Macleod Station, and the Polaris shopping precinct, this apartment offers unbeatable convenience, making it an ideal choice for student accommodation.
Currently under lease, the apartment generates a solid rental income of approximately $1,100 per month, presenting an attractive investment prospect. Situated on the ground floor, the apartment is fully furnished and boasts a spacious open-plan living area. It also features secure entry and access to communal amenities, including a lounge area and laundry facilities.
Residents benefit from complimentary access to the prestigious Springthorpe Country Club, with a wide range of top-tier amenities including:
A fully equipped gymnasium
Tennis courts
Swimming pool
Computer/internet facilities
Recreational areas and outdoor BBQ spaces
This property offers not only a strong rental return but also a lifestyle that attracts quality tenants. Don't miss your chance to invest in a property that delivers both solid income and an enviable living experience.
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Property Details for 119/116-130 Main Dr, Macleod

119/116-130 Main Dr, Macleod is a 1 bedroom, 1 bathroom Unit. The place is currently for sale with Barry Plant - Bundoora.

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Unit

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About Macleod 3085

The size of Macleod is approximately 4.6 square kilometres. It has 23 parks covering nearly 17.6% of total area. The population of Macleod in 2011 was 9,605 people. By 2016 the population was 9,795 showing a population growth of 2.0% in the area during that time. The predominant age group in Macleod is 40-49 years. Households in Macleod are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macleod work in a professional occupation. In 2011, 75.4% of the homes in Macleod were owner-occupied compared with 72.6% in 2016.

Macleod has 4,911 properties. Over the last 5 years, Houses in Macleod have seen a 16.46% increase in median value, while Units have seen a 18.58% increase. As at 30 November 2024:

  • The median value for Houses in Macleod is $1,053,160 while the median value for Units is $731,985.
  • Houses have a median rent of $585 while Units have a median rent of $540.
There are currently 13 properties listed for sale, and 5 properties listed for rent in Macleod on OnTheHouse. According to CoreLogic's data, 179 properties were sold in the past 12 months in Macleod.

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Tom Price
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Brad Mcgregor
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Barry Plant - Bundoora
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