34 Railway Parade, Seaford VIC 3198

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$1.6M - $1.7M Medium Confidence Calculated based on our search observations.

House 9 Beds 9 Baths

Listed: 2nd Jun 2026

Updated: 4 days ago

Overview

Constructed in 2020, this two-storey property comprises nine individually tenanted rooms, each designed to maximize comfort and privacy. The property currently generates a gross income of $150,800, reflecting a yield exceeding 9%. A market rental review indicates potential for increased returns, with seven of the nine rooms poised for rental adjustments that could elevate the gross income to $159,120, enhancing the yield to approximately 9.5%.

The building holds all necessary Class 1 B permits, ensuring full compliance and registration with local council regulations. This investment opportunity offers a reliable income stream, exemption from land tax, and benefits from Division 43 depreciation, making it an attractive option for investors seeking stable returns.

Located in the sought-after bayside suburb of Seaford, the property benefits from proximity to the beach, shopping centers, cafes, parklands, and convenient access to public transport including train and bus stations. The design and construction were undertaken by leading industry professionals, featuring high ceilings, balconies or terraces, and ensuite bathrooms for all nine rooms. Each room is equipped with reverse cycle air conditioning and heating, ensuring year-round comfort.

Residents have access to a central kitchen and a coin-operated laundry facility within the building, enhancing convenience and functionality. The combination of high rental yields and strong capital growth potential makes this property a unique and compelling investment in the Melbourne bayside market.

Local Market Insights

In Seaford, Quiet Listings observed 21 new houses entering the market over the last 30 days, up from 20 during the previous 30-day period, with an average advertised asking price of $985,714. The property type mix of listed properties is predominantly Houses at 50%, followed by units (21%), and townhouses (21%). The most active agency for houses in the Seaford area is currently OBrien Real Estate, representing 38% of new listings, followed by Ray White with 29%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.