7/20 Mantell St

Moonee Ponds VIC 3039

Unit

Currently for sale - view listing

Overview

Blue-Chip Position. Proven Investment. Secure Income.

Securely leased until January 2027 and returning $350 per week, this is the kind of investment opportunity becoming increasingly difficult to find. Set within a tightly held, solid-brick complex of just 15 apartments, this classic one-bedroom residence offers dependable rental income today with exciting long-term upside tomorrow. Nestled in one of Moonee Ponds' most picturesque tree-lined streets, surrounded by beautiful period homes, it's easy to see why this pocket remains one of the suburb's most tightly held addresses. Investors will appreciate not only the immediate return, but also the enduring appeal of a location where quality tenants are always in demand. Inside, the apartment offers a generous bedroom with built-in robes, an ensuite bathroom, light-filled open-plan living and dining, and a practical kitchen complete with breakfast bar. An off-street car space on title adds further value-particularly as only eight apartments in the building enjoy this sought-after feature. Built in 1975, this boutique block represents the kind of low maintenance, solid construction many investors actively seek but rarely find. With very limited availability of older, established one-bedroom apartments in blue-chip locations, this is a genuine "buy and hold" opportunity offering both stability and future capital growth potential. Leave the car at home and enjoy an enviable lifestyle within walking distance of Moonee Ponds Station, trams, Puckle Street's renowned cafés and restaurants, Moonee Ponds Central, Queens Park and an array of local amenities. Property Highlights • Secure lease until January 2027 returning $350 per week • Strong investment with approximately 4.7% gross rental yield • Boutique solid-brick block of only 15 apartments • Spacious bedroom with built-in robes • Light-filled open-plan living and dining • Practical kitchen with breakfast bar • Ensuite bathroom • Secure off-street car space on title • Easy walk to trains, trams, Puckle Street shopping and dining precinct, parks and schools Opportunities to secure a proven investment in one of Moonee Ponds' premier streets are becoming increasingly rare. With secure income from day one and an address that will always be in demand, this is smart buying today and an even better investment for tomorrow.