Dual-Income Investment Opportunity Returning $40,040 Per Annum

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1&2/26 Highland Way, Leopold VIC 3224

$950,000 - $1,000,000

Search Band Search Visibility Band

$950k - $1M High Confidence Calculated based on strong search observations.

Unit 2 Beds 1 Bath 1 Car 922 m²

Listed: 17 days ago

Overview

This dual-income property located at 1&2/26 Highland Way, Leopold, offers an exceptional blend of investment potential and lifestyle versatility on a substantial 922 sqm north-facing block. Consisting of two well-maintained units, each provides a tenant-friendly layout with private entrances, ensuring privacy and ease of access.

Both residences boast open-plan living and dining areas that promote comfortable family interactions and efficient use of space. The kitchens feature breakfast bars that add a casual dining element and enhance practicality for daily meal preparation.

With two generously sized bedrooms in each unit, complete with built-in robes, the homes accommodate a range of tenants or occupants comfortably. The internal laundry facilities add further convenience, and the lock-up garages with internal access offer secure parking and storage solutions.

The flexible configuration of this property makes it especially appealing to owner-occupiers who can benefit from living in one unit while offsetting mortgage repayments by renting out the other. For investors, the established rental return of $40,040 per annum—with rental increases anticipated—provides reliable income and promising long-term capital growth in a tightly held market.

Large north-facing block enhances natural light and outdoor potential
Functional dual residence design caters to multi-generational families or investors
Secure garages and internal access improve tenant appeal and value
Strong tenant demand due to practical layouts and well-maintained condition

This unique offering combines a sound financial investment with adaptable living options, making it suitable for a broad range of buyers including investors, first-home buyers, and families seeking income-producing properties with a manageable footprint in Leopold.

Local Market Insights

In Leopold, Quiet Listings observed 4 new units entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $662,000. The property type mix of listed properties is predominantly Houses at 73%, followed by units (18%), and commercial properties (9%). The most active agency for units in the Leopold area is currently Hayeswinckle, representing 25% of new listings, followed by Buxton Real Estate Group with 25%. 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.