DUAL INCOME & TURN-KEY & CHARACTER

Offering an exceptional combination of enduring character and dependable returns, this solid brick home presents a rare opportunity for astute buy-and-hold investors seeking strong cash flow. Strategically positioned in a pocket of the city popular with working professionals and post-graduate students, the property is within easy walking distance of the central business district. This “set and forget” investment has quietly delivered consistent, solid returns for its owners over a long period.

• Total Rental Income: $1,280 per week
• Gross Yield: 6.94%
• Configuration: 2-3 Bedroom unit ($740 pw) PLUS 1-bedroom unit ($540 pw)
• Fixed Term Tenancies in place for 2026

With two quality tenancies generating a combined $1,280 per week, and leases secured through to the end of the year, this is a genuine turn-key investment delivering immediate, solid-income with minimal effort. The functional layout, thoughtfully furnished and remodelled interiors continue to attract quality tenants year after year.

Upgraded electrical wiring, Healthy Homes compliant and cosy year-round living with wool carpets, custom-made drapes and blinds, three heat-pumps and three thermostatically controlled wall-mounted panel heaters. Contemporary kitchens with generous bench space and breakfast bars encourage easy living, tiled bathrooms with underfloor heating add everyday comfort, and well-proportioned bedrooms provide a spaciousness that every tenant values. If travelling by foot is not the preferred mode of transport, a regular bus route connects occupants to the Hospital, University or Mornington shops.

The flexible configuration is as appealing as the returns. Enjoy a dual-income dwelling for years to come, relax in a sophisticated pied-a-terre or create a home-and-income proposition by renting out the rear flat. The substantial basement has potential too.

This north facing and well-presented property has instant curb appeal too - elegant rendered brick façade shaped by twin turret bays and a bullnose verandah finished with cast-iron lacework. If you’re looking for a premium, low-maintenance investment in a proven location with strong yield and excellent tenant demand, this stylish heritage villa is ready to perform for you from day one.

Some chattels may vary from those photographed.