Back 49 Washington Drive
Off Market

49 Washington Drive

Oakleigh South VIC 3167

5
3
2
541 m²
House
Last sold for $1,020,000
Winston WeiWinston Wei, last sold this property on 27 March 2026 after 32 days on market.

Overview

Dual Occupancy with High-Yield Dual Income Opportunity

- Calling all investors - Unlock a rare dual-income opportunity in the heart of Oakleigh South. This is an unbelievable opportunity to secure two properties for the price of one! Situated on a corner allotment, this property boasts a dual income currently returning $53,560 p.a. Each property has their own entrance and is separated by fencing, this is an ideal situation for anyone that is looking to enter into the marketplace and live with another rental income Perfectly positioned in a quiet, family-friendly pocket, this versatile property offers investors and extended families the ultimate combination of flexibility, functionality, and financial reward. Property Highlights: Unit 1: • Three generous bedrooms, including a master with private ensuite • Two well-appointed bathrooms for added convenience • Spacious, light-filled living room designed for comfort and relaxation • Dedicated dining area ideal for family meals and entertaining • Separate laundry with practical storage and external access • Thoughtfully designed layout offering space, privacy, and everyday functionality Current lease : $ 2,520 per month till 17/01/2027. Unit 2 : • A stylish two-bedroom one bath residence completed in 2016 • Modern comfort and excellent investment advantages Current lease : $ 1,955 per month till 07/06/2026. Prime Lifestyle Location • Enjoy exceptional convenience in the heart of Oakleigh South: • Walk to Karkarook Park for trails, wetlands and open green space • Shop locally at The Links Shopping Centre • 10 minutes drive to Moorabbin DFO and Costco, minutes to major retail destinations including Chadstone Shopping Centre and Westfield Southland, • Close to the Dales Park Netball Centre Combining immediate rental strength, depreciation benefits, corner-block potential and an unbeatable location, this is a standout investment opportunity not to be missed.

Features

5 bedrooms
3 bathrooms
2 carspaces
1 carport space
1 garage space
541 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Oakleigh South over the last 12 months, the estimated median property value of 49 Washington Drive is $1.44m.

Median value
$1.44m
Estimated value range
$1.02m - $2.42m
Median days on market
24
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Oakleigh South. 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 49 Washington Drive

2026
Sold
$1,020,000
27 Mar 2026 by Winston Wei, of Ray White Burwood VIC
2023
Rented
Undisclosed
Leased on 16 Jan 2023 by Leyton Real Estate

Happy sellers in Oakleigh South

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

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

This is based on voluntary sentiment collected from 30 reviews in Oakleigh South over the last 12 months.

Local market activity for 5 bedroom houses in Oakleigh South

In the last 12 months, 10 five-bedroom houses similar to 49 Washington Drive, have been sold.

This represents a 25% decrease in five-bedroom houses sales when compared to the previous 12 months.

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