Back 61B/116 Main Drive
Off Market

61B/116 Main Drive

Macleod VIC 3085

1
1
1
Apartment
Last sold for $125,000
Dennis LanghamDennis Langham, last sold this property on 21 August 2025 after 16 days on market.

Overview

Student Studio with Dedicated Car Space

SOLD By Morrison Kleeman - Perfect for investors looking to begin or expand their property portfolioor add diversity to a self-managed super fundthis student-only studio apartment, complete with a dedicated car space, offers an attractive yield and strong cash flow potential. Nestled within peaceful parklands, the apartment features a thoughtfully designed layout with a bedroom/living area, study nook, compact kitchen, and private bathroom. It presents an excellent opportunity for students seeking the independence of their own space while remaining part of a supportive, community-oriented environment. Residents enjoy a range of on-site amenities, including common rooms, a communal laundry, a fully equipped gym, a swimming pool, and the convenience of a free university shuttle service right at the doorstep. Just a short walk away, Polaris Shopping Centre offers supermarkets, cafés, dining, and takeaway options. The nearby Route 86 tram provides seamless access to La Trobe University, surrounding institutions, and Melbourne's CBDmaking this property highly attractive for both student tenants and savvy investors. The rental income is as follows: Apartment - $1304.00 per month Car Space - $180 per month ***PHOTO ID REQUIRED AT OPEN FOR INSPECTIONS***

Features

1 bedroom
1 bathroom
1 carspace
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 61B/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 61B/116 Main Drive

2025
Rented
Undisclosed
Leased on 28 Oct 2025 by Morrison Kleeman - Eltham
2025
Sold
$125,000
Private Sale/Treaty on 21 Aug 2025 by Dennis Langham, of Morrison Kleeman - Eltham
2024
Sold
$112,000
Private Sale/Treaty on 12 Jun 2024 by Dennis Langham, of Morrison Kleeman - Eltham

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 61B/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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