1&2/38 Koonawarra Street

Off Market

1&2/38 Koonawarra Street

Clayton VIC 3168

705 m²

House

Last sold for $1,750,000

Nalaka Weerakoon, last sold this property on 16 April 2026 after 146 days on market.

Overview

TWO UNITS ON ONE TITLE WALK TO MONASH UNIVERSITY PREMIUM DUAL-INCOME OPPORTUNITY ON 705M2 (APPROX.)

Perfectly positioned less than a five-minute walk to Monash University, this exceptional two-dwelling offering is one of the most versatile and high-yield opportunities to hit the market. Set on a substantial 705m² (approx.) block and comprising two completely separate units on a single title, this property presents outstanding scope for strong rental returns, multi-generational living, or a lucrative long-term investment in one of Melbourne's most in-demand precincts. With Monash University just moments away, demand for student accommodation remains consistently high making this a prime opportunity for investors seeking reliable, year-round rental income from two tenancies. Owner-occupiers will also appreciate the rare chance to live in one residence while leasing the other for passive income to offset mortgage repayments. Unit 1 Street-Facing Appeal Welcomed by its private street frontage and sunlit porch, the first residence showcases warm laminated timber flooring and a comfortable living zone that flows into a well-appointed stone-benched kitchen with generous storage. The master bedroom includes a full ensuite, while two additional bedrooms upstairs share a neatly presented central bathroom. Natural light, low-maintenance finishes and a functional layout make this a highly attractive rental or living space. Unit 2 Quiet, Private & Spacious Privately tucked at the rear, the second residence features a modern brick façade and an impressive floorplan with three bedrooms, two bathrooms and two toilets. Designed for comfort and practicality, it offers heating and cooling, a light-filled living zone, personal laundry facilities and its own low-maintenance backyard-ideal for large families, students or multiple renters. Both dwellings include separate entries, independent backyards and lock-up garages, ensuring privacy and convenience for each occupant. With heating and cooling in both units, the property is ready to occupy or lease immediately with no further expense required. Located within short walking distance to Monash University, public transport, shops, cafés and major arterial links, this address sits at the heart of a blue-chip rental corridor where demand continues to surge. A rare opportunity offering lifestyle, flexibility and exceptional income potential - secure two properties for the price of one in a location that will always deliver. Terms: 10% deposit. Balance 30/60 days Photo I.D. required at all inspections. DISCLAIMER: The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied. Please be advised that some images included in our marketing materials feature digital enhancement/virtual staging techniques designed to illustrate the property's potential appearance; these alterations are solely for visualization purposes.

Features

6 bedrooms

4 bathrooms

3 carspaces

705 m² lot size

House

Estimated Value

Based on this property and similar 6 bedroom houses sold in Clayton over the last 12 months, the estimated median property value of 1&2/38 Koonawarra Street is $1.8m.

Median value

$1.8m

Estimated value range

$1.2m - $4.4m

Median days on market

Estimated value trend

23%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Clayton. 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&2/38 Koonawarra Street

2026

Sold

$1,750,000

Private Sale/Treaty on 16 Apr 2026 by Nalaka Weerakoon, of Barry Plant Noble Park

Happy sellers in Clayton

92%

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

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

This is based on voluntary sentiment collected from 23 reviews in Clayton over the last 12 months.

Local market activity for 6 bedroom houses in Clayton

In the last 12 months, 5 six-bedroom houses similar to 1&2/38 Koonawarra Street, have been sold.

This represents a 66% decrease in six-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

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

Ethan He

at McGrath Clayton

(132 reviews)

Get a free market appraisal

Tony Che

at Professionals First & Co.

4.9

(109 reviews)

Get a free market appraisal

Dennis Shi

at Ray White Box Hill

(6 reviews)

Get a free market appraisal

Max Turner

at Ray White Mount Waverley

(48 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 Clayton

Ethan He

Sellers who recommend Ethan He have praised them for being clear communication, local expert, reliable, dedicated, responsive, trustworthy and hard-working