206 Main Rd

Monbulk VIC 3793

1192 m²

House

Brad Conder, last sold this property on 26 May 2026 after 104 days on market.

Overview

High-Visibility Position with Dual Access & Flexible Future Use

Offering a combined return of approximately $41,000 per annum and significant future upside, this versatile property presents a rare opportunity in the heart of Monbulk. With 23 metres of Main Road frontage, two crossovers, rear laneway access, and connection to mains sewerage, the property lends itself to a wide range of potential uses. These include future subdivision (STCA) under the forthcoming Monbulk Housing Strategy, or alternative options such as professional suites or further redevelopment, subject to council approval. The main residence is a tastefully renovated two-bedroom home plus study, featuring a large kitchen, spacious lounge room, and a full-length sunroom that doubles perfectly as additional living or workspace. Comfort is assured year-round with gas heating, split-system air conditioning, and a double carport. The separate studio is well-appointed with split-system heating and cooling, an updated kitchen and bathroom, and the added benefit of separate rear laneway access, enhancing flexibility and privacy. Currently comprising four lots on one title, the long-term redevelopment potential is substantial. All of this is complemented by an excellent location, just a short walk to Monbulk township, shops, cafés, and local amenities. A compelling opportunity to secure strong income today while positioning for future growth. Enquire now to add a high-potential asset to your property portfolio

Features

3 bedrooms

2 bathrooms

2 carspaces

2 carport spaces

1192 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Monbulk over the last 12 months, the estimated median property value of 206 Main Rd is $770.5k.

Median value

$770.5k

Estimated value range

$570k - $1.21m

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Monbulk. 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.