FOR SALE
$115,000 to $125,000

23a/116 Main Drive
Macleod VIC 3085

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Exciting Opportunity for Investors in Springthorpe Estate!

Discover an exceptional opportunity for savvy investors looking to expand their portfolio in the prestigious Springthorpe Estate. This ground-floor apartment, currently leased with an approximate rental income of $1300 per month, offers a compelling investment prospect. Fully furnished, it boasts a spacious open living layout with secure entry and access to communal amenities including a lounge and laundry facilities.
Strategically located, this property provides unparalleled convenience with proximity to La Trobe University, the Plenty Rd tram, Macleod station, and the Polaris shopping precinct. Exclusive access to the Springthorpe Country Club adds further appeal, featuring state-of-the-art facilities like a gym, tennis courts, swimming pool, computer/internet facilities, recreational areas, and outdoor BBQ facilities.
Don't miss out on this extraordinary opportunity to invest in both property and lifestyle.
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Property Details for 23a/116 Main Dr, Macleod

23a/116 Main Dr, Macleod is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Barry Plant - Bundoora.

Building Type
Apartment

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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 4,900 properties. Over the last 5 years, Houses in Macleod have seen a 19.53% increase in median value, while Units have seen a 17.94% increase. As at 31 October 2024:

  • The median value for Houses in Macleod is $1,076,332 while the median value for Units is $723,341.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 15 properties listed for sale, and 2 properties listed for rent in Macleod on OnTheHouse. According to CoreLogic's data, 186 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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