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Overview
Located at the heart of Boronia, this dual-dwelling property on a generous 659.9 sqm corner allotment offers a compelling investment proposition, combining immediate rental income and future development potential.
The site features two fully leased, self-contained residences, providing a combined monthly rental return exceeding $4,000. The primary residence includes three bedrooms, with two featuring walk-in robes, complemented by two bathrooms including a spa bathroom, and a spacious lounge and kitchen/meals area conducive to comfortable living.
The second dwelling offers a well-appointed one-bedroom layout with open-plan living and dining spaces, a fully equipped kitchen, and a modern bathroom, ideal for tenants seeking independent accommodation. Both units come with off-street parking for three vehicles in total, a valuable feature that enhances tenant appeal and retention.
Zoned Mixed Use, the property presents prospective investors the opportunity to hold for rental yield or explore redevelopment options subject to council approval, with potential for higher-density residential or mixed-use projects over time.
- Premium central location moments from Boronia Station and close to supermarkets, schools, and shopping precincts.
- Established solid rental income with minimal maintenance demands.
- Flexible future capital growth paths due to its zoning and development possibilities.
This investment suits investors prioritising stable cash flow along with long-term wealth accumulation through strategic property holdings in a sought-after suburb.
Local Market Insights
In Boronia, Quiet Listings observed 14 new houses entering the market over the last 30 days, up from 13 during the previous 30-day period, with an average advertised asking price of $795,000. The property type mix of listed properties is predominantly Houses at 45%, followed by units (26%), and commercial properties (10%). The most active agency for houses in the Boronia area is currently McGrath Estate Agents, representing 21% of new listings, followed by Ray White with 14%. 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.
Location
Market Insights for Boronia VIC 3155
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