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Back 119/116 Main Dr
Off Market

119/116 Main Dr

Macleod VIC 3085

1
1
Unit
Last sold for $115,000
Tom PriceTom Price, last sold this property on 25 February 2026 after 117 days on market.

Overview

Prime Investment Opportunity in Springthorpe Estate

SBSD 12/3 @4pm (unless sold prior) 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.

Features

1 bedroom
1 bathroom
Unit

Estimated Value

We need at least 3 similar 1 bedroom units sold in Macleod over the last 12 months.

Property history for 119/116 Main Dr

2026
Sold
$115,000
25 Feb 2026 by Tom Price, of Barry Plant Bundoora
2025
Sold
$104,000
16 Mar 2025 by Tom Price, of Barry Plant Bundoora

Happy sellers in Macleod

92%
92% of sellers in Macleod reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 25 reviews in Macleod over the last 12 months.

Local market activity for 1 bedroom units in Macleod

In the last 12 months, 1 one-bedroom unit similar to 119/116 Main Dr, have been sold.

This represents a 34% increase in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

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

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Brett Schembri

Brett Schembri is an award winning recommended agent for Macleod.  They have 44 local sales and collected 18 local reviews across the last 12 months.

  •   4.9   (278 reviews)
  •  18 Reviews in Macleod
  •  44 Sales in Macleod
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Renato Barra

Renato Barra is a recommended agent for Macleod.  They have 8 local sales and collected 9 local reviews across the last 12 months.

  •   4.9   (119 reviews)
  •  9 Reviews in Macleod
  •  8 Sales in Macleod
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Stuart Buckingham

Sellers who recommend Stuart Buckingham have praised them for being local expert, clear communication, reliable, supportive, great negotiation, hard-working and honest

  •   4.8   (164 reviews)
  •  1 Review in Macleod
  •  5 Sales in Macleod
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Domenic Malgeri

Domenic Malgeri is a recommended agent for Macleod.  They have 5 local sales and collected 1 local review across the last 12 months.

  •   4.8   (11 reviews)
  •  1 Review in Macleod
  •  5 Sales in Macleod
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