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Flexible Dual-Income Asset in Melbourne’s South-East Growth Corridor

A renovated investment property combining a substantial five-bedroom residence with independent self-contained accommodation on approximately 796m².

The secondary studio-style dwelling incorporates its own kitchen, bathroom and open-plan living arrangement, creating genuine flexibility for investors seeking multiple income streams, extended leasing options or an adaptable long-term holding.

Investment Highlights

• Established dual-income configuration with independent secondary accommodation
• Historical combined rental income of approximately $1,100 per week
• Approx. $57,200 in historical annualised gross rental income
• Indicative historical-income gross yield of approximately 6.1%–6.5% based on the current asking range
• Large 796m² allotment
• Five-bedroom main residence with multiple living zones
• Independent studio-style accommodation with private kitchen and bathroom
• Renovated kitchen with 900mm gas cooktop, built-in oven, dishwasher and pantry
• Three bathrooms across the overall property configuration
• Double remote garage with secure parking and additional side access
• Ducted heating, evaporative cooling and supplementary split-system climate control
• Large covered outdoor entertaining area and established rear yard
• Flexible configuration capable of appealing to families, multi-generational households and tenants requiring separate accommodation
• Potential depreciation benefits associated with eligible fixtures, improvements and capital works, subject to quantity-surveyor advice

Nearby Amenities & Lifestyle Drivers

The property is positioned within an established residential catchment with strong access to everyday services and major amenity.

Nearby conveniences include:

• Multiple neighbourhood and regional shopping centres
• Major retail, supermarket, dining and entertainment precincts
• Primary and secondary schooling within a short drive
• Private education options nearby
• Major hospital and healthcare services within the broader catchment
• Tertiary education and vocational training facilities across the south-east corridor
• Parks, recreation facilities and sporting infrastructure
• Local bus services within walking distance
• Metropolitan rail connectivity within approximately eight minutes by car

These amenity fundamentals support a broad tenant pool and help underpin long-term rental appeal.

Employment & Economic Drivers

Positioned within Melbourne’s established south-east growth corridor, the property benefits from access to a diverse employment base spanning healthcare, education, retail, logistics, manufacturing, construction and professional services.

The broader region continues to benefit from residential expansion, transport investment and significant commercial and community infrastructure, supporting continued demand for well-located family accommodation.

Access to major healthcare precincts, education facilities, regional retail centres and established industrial and employment areas provides multiple demand drivers rather than reliance on a single employment sector.

Transport Connectivity

• Bus services within walking distance
• Metropolitan train station approximately eight minutes away by car
• Major freeway connection accessible in less than ten minutes
• Convenient road access throughout Melbourne’s south-east
• Approx. 40 km to Melbourne CBD
• Approx. 55–60 minutes to Melbourne Airport by car, traffic dependent

The combination of road, rail and local public transport connectivity strengthens tenant accessibility to major employment and activity centres.

Why Investors Like This Asset

This property combines a sizeable landholding, renovated family accommodation and genuinely independent secondary living within one investment.

The historical dual-income structure demonstrates the asset’s cash-flow potential, while the flexible layout broadens the prospective tenant market and provides investors with multiple leasing strategies.

With established amenity, strong transport connections, access to diverse employment hubs and a location within Melbourne’s growing south-east corridor, the property offers a compelling blend of income flexibility, tenant appeal and long-term portfolio fundamentals.

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