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41 Erica Avenue

Boronia VIC 3155

3
2
3
House
Currently for sale - view listing

Overview

Heart of Boronia High-Yield Investment Opportunity | $4,000+ Monthly Rental Return

Expressions Of Interest Closing Tuesday 28th July at 12:00pm (Unless Sold Prior) Positioned in a prime central Boronia location just moments from Boronia Station, this rare dual-dwelling corner allotment of approx. 659.9 sqm presents a standout investment opportunity with immediate income and strong future upside. Both Unit 1 and Unit 2 are currently leased, generating a combined rental return of $4,000+ per month, offering investors instant cash flow from day one. The property comprises two self-contained dwellings: Unit 1: Two-bedroom residence featuring walk-in robes, spa bathroom, spacious lounge, and kitchen/meals area Unit 2: One-bedroom dwelling with open-plan living/dining, full kitchen, and modern bathroom Both units include off-street parking, enhancing tenant demand and long-term retention. With solid rental income already in place, investors can simply hold and enjoy strong returns or explore future options including redevelopment (STCA). Zoned Mixed Use, the site supports a range of potential outcomes including higher-density residential or mixed-use development, offering significant long-term capital growth potential in a tightly held location (STCA). The location is highly convenient, with Boronia Station directly nearby, along with supermarkets, cafes, restaurants, parks, schools, and key amenities including Boronia K-12 College, St Joseph's Primary, Eastlink, and Westfield Knox all within easy reach. Key Highlights: Combined rental income: $4,000+ per month Two fully leased, self-contained dwellings Approx. 659.9 sqm corner allotment Mixed Use zoning with redevelopment potential (STCA) Premium central Boronia location near transport and amenities A rare, low-maintenance investment delivering immediate income, long-term growth, and future flexibility. (Virtual furnishings and enhancement)

Features

3 bedrooms
2 bathrooms
3 carspaces
House

Property history for 41 Erica Avenue

2021
Sold
$920,000
Sold Before Auction on 07 May 2021 by Blayze Fatchen, of Ray White Ferntree Gully

Happy sellers in Boronia

87%
87% of sellers in Boronia reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 67 reviews in Boronia over the last 12 months.

Local market activity for 3 bedroom houses in Boronia

In the last 12 months, 138 three-bedroom houses similar to 41 Erica Avenue, have been sold.

This represents a 3% increase in three-bedroom houses sales when compared to the previous 12 months.

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