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Overview
Situated in Brooklyn, this classic three-bedroom house offers a unique combination of immediate rental income and promising future potential on a substantial 699sqm allotment. Currently leased at $720 per week, the property holds strong appeal for a diverse range of buyers including investors, developers, and owner-occupiers.
The property’s significant land size and established subdivision precedents in the area suggest potential for multi-dwelling redevelopment of up to four dwellings, subject to council approval (STCA). This makes it an excellent prospect for those considering long-term growth or redevelopment opportunities.
Despite the development potential, the home remains comfortably liveable in its current state, with well-maintained original living spaces, a separate central kitchen and meals area, and three well-sized bedrooms that provide functional family accommodation. Additional practical aspects include a central bathroom, separate laundry, and outdoor spaces that feature a north-facing rear garden complemented by a bungalow and multiple storage sheds, enhancing the flexibility and utility of the outdoor area.
- Three bedrooms with a classic, functional layout.
- Generous living and dining areas suitable for everyday living.
- North-facing rear garden offering natural light and outdoor space for relaxation or storage.
- Garage, carport, and extra off-street parking for up to three vehicles.
- Direct access to the Federation Trail enhances lifestyle and commuter convenience.
The property’s location is a strong selling point, with proximity to key amenities such as Annunciation Primary School, Altona Gate Shopping Centre, Brooklyn Reserve, local cafés, parks, and public transport options. Ongoing infrastructure improvements such as the West Gate Tunnel Project will further boost accessibility and long-term suburb growth prospects.
This property offers a blend of stable rental income and significant redevelopment potential, making it an insightful choice for buyers looking to capitalize on Brooklyn’s evolving market with the flexibility to live in, renovate, invest, or build anew when the time is right.
Local Market Insights
In Brooklyn, Quiet Listings observed 17 new houses entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $1,142,294. The property type mix of listed properties is predominantly Houses at 45%, followed by townhouses (26%), and apartments (13%). Ray White was the most active agency in this area, representing 54.1% of all new listings in the last 30 days. 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
Brooklyn VIC 3012
Market Insights for Brooklyn VIC 3012
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
