5 Little Street
Deer Park, VIC 3023

Overview

Established Tenancy on a Generous Block with Development Scope (STCA)

This property is a well-positioned investment opportunity located in a convenient and well-connected area of Deer Park. It offers immediate income security through a long-term lease with established tenants, providing a stable and reliable rental income stream. The current monthly rent is $2,172.62, with the lease extending until May 6, 2032, ensuring long-term tenancy and continuity.

Set on a generous allotment of approximately 605 square meters, the property not only holds strong land value but also presents future development potential, subject to council approval (STCA). This makes it an attractive option for investors interested in land banking or planning for future growth, as the size and location of the block offer significant flexibility.

The home itself features a practical and comfortable layout, comprising three bedrooms serviced by a central bathroom and an additional second toilet for convenience. The open-plan kitchen and dining area serves as the heart of the home, seamlessly flowing into a bright and airy living space designed for everyday living and ease of use.

Externally, the property includes a long driveway leading to a secure garage, complemented by additional workspace at the rear. This space provides versatility for storage or trade use, catering to a variety of needs and preferences.

Location is a key advantage, with the property situated close to Deer Park West Primary School and Victoria University Secondary College, making it ideal for families or tenants with school-aged children. Brimbank Shopping Centre is also nearby, offering easy access to shopping and essential services. Public transport options are readily available, including Deer Park Railway Station and local bus routes, facilitating convenient travel to surrounding suburbs.

Nearby parklands, such as the Kororoit Creek Trail, enhance the lifestyle appeal of the area, providing recreational opportunities and green space for residents.

Overall, this property represents a compelling addition to any investment portfolio, combining strong tenant retention, generous land size, and future development potential. Opportunities with this level of tenant security and land value are rare, making it a highly sought-after offering in the current market.

Prospective buyers are encouraged to conduct their own inquiries to verify all information and to arrange inspections to fully appreciate the benefits of this property.

Photo identification is required for all property inspections.

For further due diligence, buyers can refer to the latest checklist available online.

All dimensions and details are approximate and provided for general information purposes only.

Location