An exceptional opportunity to secure a versatile property on 546sqm approx. of land, offering outstanding appeal for both owner-occupiers seeking a spacious and flexible home and investors looking for a high-yielding property with strong income potential. With substantial accommodation, generous land and a highly adaptable layout, this unique property presents a range of possibilities to suit different buyer requirements.
Thoughtfully converted into 8 individually tenanted rooms, with select rooms featuring ensuites, the property is currently generating an impressive $157,040 in gross annual income. Operating as a Class 1B Rooming House, the property is fully furnished and equipped with appliances, with all required council approvals in place and registered for use. Residents benefit from access to a central kitchen and dining area, dedicated laundry facilities with washing machines, a gazebo and an enclosed entertainment area.
For investors, the property offers an established income stream, strong rental potential and an attractive high-yield proposition. For owner-occupiers, the substantial landholding and flexible accommodation provide the opportunity to create a spacious family residence, accommodate extended or multi-generational living, or utilize the existing configuration to suit individual lifestyle needs.
Ideally positioned for convenience and connectivity, Northcote Train Station is approximately a 5-minute drive or 15-minute walk away, with the Bus 508 stop just a 1-minute walk from the property. Tram routes 96 and 11 are within an 8-minute walk, while Northcote Plaza Shopping Centre is approximately 6 minutes by car and CERES Shops are an easy 11-minute walk away.
Situated within the prestigious Sumner Estate on Zoe Circuit, Northcote, the property borders Brunswick East and enjoys a peaceful setting close to the Merri Creek parklands. Combining generous land, versatile accommodation, established income and exceptional flexibility, this is a compelling opportunity for both owner-occupiers and investors seeking a property with genuine lifestyle and investment appeal in one of Melbourne’s sought-after inner-north precincts.
