1-4/391 Forest St

Off Market

1-4/391 Forest St

Wendouree VIC 3355

735 m²

733 m²

House

Last sold for $1,050,000

Will Munro, last sold this property on 15 October 2026 after 90 days on market.

Overview

Outstanding Investment Opportunity - Four Units, One Title, Strong Returns

An exceptional opportunity awaits investors seeking a quality, set-and-forget addition to their portfolio. Comprising four well-maintained units (1 x 2 Bedrooms & 3 x 1 Bedroom) on a single title, this property offers the rare combination of immediate income, strong rental demand and future potential. Generating a combined annual rental income of $68,120 per annum from 20 September 2026, once the scheduled rent increases take effect, this is an investment that delivers reliable cash flow from day one. Perfectly positioned in a convenient location, the property is within easy reach of schools, shopping centres, public transport and everyday amenities, ensuring ongoing appeal to a broad range of tenants. With low-maintenance living, multiple income streams and the security of one title, this is an ideal opportunity for seasoned investors or those looking to expand their portfolio with a high-performing asset. Investment opportunities of this calibre are rarely available-secure your future with this outstanding multi-unit offering today.

Features

5 bedrooms

4 bathrooms

4 carspaces

4 carport spaces

735 m² floor area

733 m² lot size

House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Wendouree over the last 12 months, the estimated median property value of 1-4/391 Forest St is $562.5k.

Median value

$562.5k

Estimated value range

$527.5k - $1.05m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Wendouree. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1-4/391 Forest St

2026

Sold

$1,050,000

15 Oct 2026 by Will Munro, of Ray White Ballarat

Happy sellers in Wendouree

80%

80% of sellers in Wendouree reported that their sale price either exceeded or met their price expectations.

Wendouree stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Wendouree over the last 12 months.

Local market activity for 5 bedroom houses in Wendouree

In the last 12 months, 3 five-bedroom houses similar to 1-4/391 Forest St, have been sold.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Wendouree for a free market appraisal.

Tim Allen

at PRD Ballarat

(186 reviews)

Get a free market appraisal

Michael Darken

at PRD Ballarat

(78 reviews)

Get a free market appraisal

Peter Martin

at PRD Ballarat

(73 reviews)

Get a free market appraisal

Tim Veal

at Buxton Ballarat

4.8

(154 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Wendouree

Tim Allen

Sellers who recommend Tim Allen have praised them for being clear communication, local expert, reliable, responsive, friendly, supportive and easy to work with

5 (186 reviews)
3 Reviews in Wendouree
11 Sales in Wendouree

View profile

Michael Darken

Sellers who recommend Michael Darken have praised them for being clear communication, local expert and well-prepared

5 (78 reviews)
3 Reviews in Wendouree
7 Sales in Wendouree

View profile

Peter Martin

Sellers who recommend Peter Martin have praised them for being clear communication, local expert, honest, reliable, responsive, supportive and well-prepared