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Back 55 Oneills Road
Off Market

55 Oneills Road

Melton VIC 3337

9
9
3
586 m²
Block of units
Last sold for $1,500,000
Scott BanksScott Banks, last sold this property on 19 August 2025 after 21 days on market.

Overview

UNDER OFFER - 100% Leased to quality tenants

AUCTION HIGH-YIELD ROOMING HOUSE MUST BE SOLD Gross Rent: $150,710 p.a. Circa 10% A rare opportunity to secure a cash-flow positive investment in the heart of Melbourne's booming west. Purpose-built and completed in 2022, this fully compliant Class 1B Rooming House is tenanted, income-producing, and tax-efficient offering both depreciation and land tax exemption benefits that enhance real returns. Investment Highlights 9 individually leased rooms: 9 currently tenanted 100% Occupancy Gross Income: $12,560 per month = $150,720 per year Building Area: 282m² Land Size: 586m² (approx.) Fully furnished, each room with: Ensuite Kitchenette Private courtyard No Owners Corporation Full freehold control Low outgoings Potentially Land Tax Exempt Depreciation Schedule Available Prime Location Minutes to Woodgrove Shopping Centre & Melton Train Station Walk to schools, parks, and public transport Easy access to the Western Freeway and Melbourne CBD Ideal For SMSFs Yield-focused investors Cash flow property buyers Multiple-income property seekers Long-term portfolio stabilisers Included In Sale Full furniture fit-out Smart TVs Full-size fridge & freezer Microwave, kettle & toaster Don't miss one of Melbourne's strongest income-producing properties. Inspect by as advertised or by appointment: Contact Scott Banks Today

Features

9 bedrooms
9 bathrooms
3 carspaces
586 m² lot size
Block of units

Estimated Value

We need at least 3 similar 9 bedroom block of units sold in Melton over the last 12 months.

Property history for 55 Oneills Road

2025
Sold
$1,500,000
Auction Sale on 19 Aug 2025 by Scott Banks, of Scott Banks Real Estate Group
2024
Rented
Undisclosed
Leased on 14 Jul 2024 by Certainty Property NSW
2022
Rented
Undisclosed
Leased on 13 Jul 2022 by Certainty Property NSW

Happy sellers in Melton

90%
90% of sellers in Melton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 26 reviews in Melton over the last 12 months.

Local market activity for 9 bedroom block of units in Melton

Nearby agents

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Jesse Singh

Sellers who recommend Jesse Singh have praised them for being clear communication, local expert, responsive, honest, reliable, supportive and friendly

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Kieran Carson

Sellers who recommend Kieran Carson have praised them for being clear communication, local expert, responsive, supportive, reliable, great negotiation and friendly

  •   4.8   (76 reviews)
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