Back 48/116 Main Drive
Off Market

48/116 Main Drive

Macleod VIC 3085

1
1
Apartment
Last sold for $110,000
Spiros VamvalisSpiros Vamvalis, last sold this property on 03 September 2025 after 77 days on market.

Overview

Exceptional Investment Rented for $1,238pm in the Prestigious Springthorpe Estate

Astute investors, take note - this is your chance to secure a high-yield, cash-flow positive property in the exclusive Springthorpe Estate. Perfectly positioned just moments from La Trobe University, Plenty Road tram, Macleod Train Station, and the vibrant Polaris Shopping Precinct, this fully furnished apartment offers unmatched convenience and consistent rental demand. Currently leased and returning approximately $1,238 per month, this apartment represents a smart addition to any portfolio. Featuring a spacious open-plan living area, secure entry, and access to communal facilities including a resident lounge and shared laundry, it's tailored for low-maintenance, high-demand living - ideal for students. Exclusive Resident Access to Springthorpe Country Club: Tenants enjoy complimentary access to a suite of premium amenities, including: • Fully equipped gymnasium • Tennis courts • Swimming pool • Internet and computer facilities • Outdoor BBQ and recreational areas With a strong rental return and a lifestyle offering that continues to attract quality tenants, this is an investment that ticks all the boxes. Secure your stake in one of the area's most in-demand estates today.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Macleod over the last 12 months, the estimated median property value of 48/116 Main Drive is $110k.

Median value
$110k
Estimated value range
$108k - $420k
Median days on market
57
Estimated value trend
10%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Macleod. 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 48/116 Main Drive

2025
Sold
$110,000
03 Sep 2025 by Spiros Vamvalis, of Collings Real Estate
2014
Sold
$85,000
Private Sale/Treaty on 03 Jun 2014 by Mark Pipolo, of Stockdale & Leggo Bundoora

Happy sellers in Macleod

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

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

This is based on voluntary sentiment collected from 25 reviews in Macleod over the last 12 months.

Local market activity for 1 bedroom apartments in Macleod

In the last 12 months, 6 one-bedroom apartments similar to 48/116 Main Drive, have been sold.

This represents a 23% increase in one-bedroom apartments sales when compared to the previous 12 months.

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