FOR SALE
$110,000 - $120,000

Main Drive
Macleod VIC 3085

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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12% Return Yearly

Introducing an exceptional opportunity for astute investors seeking to initiate or diversify their investment portfolio in the esteemed Springthorpe Estate. Seize the chance to acquire a lucrative cash flow investment, boasting unparalleled convenience at your doorstep, nestled within close proximity to La Trobe University, the Plenty Rd tram, Macleod station, and Polaris shopping precinct. Exclusive to Student Accommodation
This outstanding apartment, currently under lease until February 2025 with an approximate rental income of $1130 pcm. presents an enticing prospect. Situated on the ground floor, the apartment comes fully furnished, featuring an expansive open living layout with secure entry and access to communal amenities such as a lounge area and laundry facilities. Additionally, residents enjoy complimentary access to the prestigious Springthorpe Country Club, offering a plethora of amenities including a state-of-the-art gymnasium, tennis courts, swimming pool, computer/internet facilities, recreational areas, and outdoor BBQ facilities. Don't miss out on this remarkable opportunity to invest in both property and lifestyle.
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Property Details for 94c/116-130 Main Dr, Macleod

94c/116-130 Main Dr, Macleod is a 1 bedroom, 1 bathroom Apartment. 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 4,884 properties. Over the last 5 years, Houses in Macleod have seen a 29.43% increase in median value, while Units have seen a 21.82% increase. As at 31 August 2024:

  • The median value for Houses in Macleod is $1,123,320 while the median value for Units is $708,942.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 16 properties listed for sale, and 8 properties listed for rent in Macleod on OnTheHouse. According to CoreLogic's data, 184 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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