SoldDec 19, 2025

1-5/7 Kentucky Avenue, Norlane, VIC, 3214

$1,610,000

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1
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BlockOfUnits

30+ days on the market

Sold: Dec 19, 2025

What's around 1-5/7 Kentucky Avenue

LAST ONE REMAINS

A uniquely rare chance to secure an entire block of five separately titled units in a proven high-demand rental location. Fully leased and returning $1,665 per week ($86,580 gross annual income), with fixed term leases through to 2026 this is an ideal portfolio addition offering instant cash flow and long-term upside. What's on Offer 4 × renovated 1-bedroom units with modern updates 1 × well-maintained 2-bedroom unit in original condition Each unit includes off-street parking, private titled courtyards, and individual storage spaces. Exceptional Location Positioned on a generous 1200sqm (approx.) allotment with dual street frontage and directly opposite Cowies Creek parkland, this address offers convenience and lifestyle appeal. Easy access to: North Geelong Railway Station Local shopping strips, Aldi & Woolworths Bus routes & Geelong Ring Road Parks, reserves & recreational spaces A consistently strong rental pocket with excellent tenant retention. Investment Highlights; Five separately titled unitsoffering long-term flexibility Strong, established rental income with 100% occupancy and reliable long-term tenants. Scope to renovate further and increase rental returns Generous landholding across two street frontages for future development potential (STCA) These units provide reliable & secure rental returns from day one, in a prime investment location poised for future growth. Complete blocks like this are exceptionally hard to findact quickly to secure this standout investment.

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