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119/116 Main Drive, Macleod, VIC 3085

119/116 Main Drive, Macleod, VIC 3085

1 / 10

View floor plan

For sale

$115,000-$122,000

119/116 Main Drive, Macleod, VIC 3085

1

1

5098m²

0m²

unit - flats: self contained

Property Description

Listed on 31 Oct 2025

For astute investors looking to grow or diversify their portfolio, this is an exceptional opportunity to acquire a high-yield cash flow property in the highly sought-after Springthorpe Estate. Located just moments from La Trobe University, the Plenty Rd tram, Macleod Station, and the Polaris shopping precinct, this apartment offers unbeatable convenience, making it an ideal choice for student accommodation. Currently under lease, the apartment generates a solid rental income of approximately $1,300 per month, presenting an attractive investment prospect. Situated on the ground floor, the apartment is fully furnished and boasts a spacious open-plan living area. It also features secure entry and access to communal amenities, including a lounge area and laundry facilities. Residents benefit from complimentary access to the prestigious Springthorpe Country Club, with a wide range of top-tier amenities including: A fully equipped gymnasium Tennis courts Swimming pool Computer/internet facilities Recreational areas and outdoor BBQ spaces This property offers not only a strong rental return but also a lifestyle that attracts quality tenants. Don't miss your chance to invest in a property that delivers both solid income and an enviable living experience.

Property history

A breakdown of how regularly this property entered and exited the market for sale or lease.

Rental
Jan 2020

$240 PER WEEK

Rental
Apr 2016

$200 PER WEEK

Sold
Mar 2025

$104,000

Listed for sale
Dec 2024

$104,000

Median unit price trends

Comparing the price trend of units in Macleod against the state of Victoria over the last 4 years. Source: CoreLogic

Comparable properties

See what similar properties in the area are selling and listed for.

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Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

30 Days

House median days on market

31 Days

Unit median days on market

152 Properties

Sold in last 12 months

29 Properties

Available in the last month

Macleod residents

Key characteristics of the residents in the area, view the full breakdown of the suburb here.

60+

Is the most common age range

Outright Owners

Most common occupant type

Families

Most common household profile

Machinery Operators and Drivers

Most common occupation

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Nearby education

Schooling and educational options in the area, for all ages.

Charles La Trobe P-12 College

K - Yr 12

Government

Charles La Trobe P-12 College-Deaf Facility

K - Yr 12

Ivanhoe Grammar School - University Campus

K - Yr 12

Macleod College

K - Yr 12

Government

Get a wider view

Widen your research to learn about the suburb, council or state that this property belongs to.

Macleod

View the suburb data

Banyule

View the council data

Victoria

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Explore surrounding suburbs

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