4/51 Barrabool Road

Off Market

4/51 Barrabool Road

Highton VIC 3216

0 sq.

Block of units

Last sold for $1,300,000

Seka Powell, last sold this property on 02 February 2026 after 117 days on market.

Overview

Rare Multi-Unit Investment Opportunity in Prime Highton Location

Set within easy walking distance of Highton Village, cafés, local amenities, and the scenic Barwon River, this tightly held multi-unit complex presents an outstanding opportunity for investors, developers, and astute buyers alike. Occupying approximately 454sqm, the property comprises four self-contained units, each on its own title, delivering exceptional flexibility, immediate income, and long-term upside. The Property • Three (3) one-bedroom units o Two have been stylishly updated and are presented in excellent condition o The third is neat and well-maintained, offering clear scope for renovation to further enhance rental returns • One (1) two-bedroom unit positioned at the front of the property o Spacious living room o Separate kitchen and bathroom o Access to a large, private outdoor area o Ready for an upgrade, with strong potential to significantly uplift yield • Carport parking provided for all units Investment Highlights • Current return of approximately 4.5% • Individually titled units offering flexibility for future sale or repositioning • Strong value-add potential through renovation or redevelopment • Possible long-term redevelopment into smart double-storey townhouses (STCA) Ideally suited to: • Investors seeking reliable income with future growth • Developers or tradespeople pursuing a strategic, long-term play • Buyers looking for a multi-income investment in a premium, amenity-rich location Opportunities combining this level of income, flexibility, and proximity to Highton's shopping strip, public amenities, and Barwon River walking tracks are increasingly rare. Inspection by private appointment only. Contact us today to explore the potential.

Features

5 bedrooms

4 bathrooms

4 carspaces

4 carport spaces

0 sq. floor area

Block of units

Estimated Value

We need at least 3 similar 5 bedroom block of units sold in Highton over the last 12 months.

Property history for 4/51 Barrabool Road

2026

Sold

$1,300,000

02 Feb 2026 by Seka Powell, of Stockdale & Leggo Sth Barwon

2023

Rented

Undisclosed

Leased on 06 Dec 2023 by Stockdale & Leggo Sth Barwon

Happy sellers in Highton

82%

82% of sellers in Highton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 70 reviews in Highton over the last 12 months.

Local market activity for 5 bedroom block of units in Highton

Sold

For Sale

For Rent

Interested in selling?

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

Michelle Winckle

at Hayeswinckle Highton

4.9

(386 reviews)

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Tony Moorfoot

at Buxton Highton

4.9

(847 reviews)

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Matthew Hunt

at Buxton Highton

(536 reviews)

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Anthony Greco

at Buxton Highton

4.9

(92 reviews)

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Nearby agents

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

Michelle Winckle

Sellers who recommend Michelle Winckle have praised them for being clear communication, local expert, supportive, honest, hard-working, dedicated and reliable