21 Zoe Circuit
Northcote, VIC 3070

This investment property presents a unique opportunity on a substantial 545.5 square meter land parcel, combining reliable income generation with potential capital growth and the advantage of a land tax exemption.

The property has been converted into eight individually tenanted rooms, some featuring ensuites, and currently produces a gross income of $161,200. It is classified as a Class 1B Rooming House and is fully furnished with all necessary appliances.

It holds all required council approvals and is officially registered for use as a rooming house. Each room benefits from shared access to a central kitchen and dining area, a laundry equipped with washing machines, a gazebo, and an enclosed entertainment space, ensuring comfort and convenience for tenants.

Located in a prime position with excellent accessibility, the property is just a five-minute drive or a 15-minute walk to Northcote Train Station. Public transport options are abundant, including a bus stop for Bus 508 within a one-minute walk and tram stops for routes 96 and 11 within an eight-minute walk. Shopping and amenities are close by, with Northcote Plaza Shopping Centre a six-minute drive and CERES Shops an 11-minute walk away.

Situated in the prestigious Sumner Estate, this house borders Brunswick East and is surrounded by the peaceful Merri Creek parklands, offering a serene yet well-connected living environment. This combination of location, income potential, and approved use makes it an attractive investment for those seeking both security and growth.