313/146 Bell Street

Coburg VIC 3058

Apartment

Currently for sale - view listing

Overview

High Yield Coburg Investment with Strong Rental Return or First Home Opportunity

Positioned in a well-maintained modern complex, this stylish one bedroom apartment presents an exceptional opportunity for first home buyers and investors seeking strong returns and long-term growth in a proven inner north location. Currently leased on a month-to-month basis at $2,086 per calendar month, the property offers immediate income with flexibility, delivering an attractive gross rental yield of approximately 6.7% based on a $370,000 purchase. Internally, the apartment is designed for low maintenance, practical living, featuring a well-appointed kitchen with quality appliances, open plan living and dining zone, and seamless access to a private balcony with elevated outlooks. The bedroom is generously proportioned and fitted with mirrored built-in robes, serviced by a sleek and modern bathroom. This is an ideal acquisition for investors seeking a set-and-forget asset with strong rental demand, or first home buyers looking to secure an affordable entry point with the option to occupy in the future. Strategically located within immediate proximity to Coburg Train Station, the number 19 tram, and the vibrant Sydney Road precinct, the property is surrounded by cafes, restaurants, retail and essential amenities. With direct connectivity to the CBD and ongoing area growth, the location continues to underpin both rental performance and capital appreciation. Key features include • One spacious bedroom with built-in robes • Open plan living and dining area • Modern kitchen featuring integrated dishwasher and fridge-freezer • Private balcony with elevated views • Contemporary bathroom • Secure car park and private storage unit • Currently tenanted on a month-to-month basis • Approximate rental return of $2,086 per month A compelling opportunity to secure a high-performing asset or enter the market in a location that continues to thrive.