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49 Vanbrook Street, Forest Hill, Vic 3131 For Sale
49 Vanbrook Street, Forest Hill, Vic 3131 49 Vanbrook Street, Forest Hill, Vic 3131-Floorplan

49 Vanbrook Street, Forest Hill, Vic 3131

Bedrooms
12
Bathrooms
8
Parkings
4
Area
714m2
Type
House

Last updated on Tuesday, June 11, 2024

E.O.I by the Closing Date @ 5:00PM 05 JUL 2024

49 Vanbrook Street, Forest Hill, Vic 3131 - More Details

E.O.I by the Closing Date @ 5:00PM 05 JUL 2024

Inspection by Appointment

E.O.I. by closing date on 05 July 2024 @ 5:00pm

This substantial property, currently operating as a rooming house, is a prime chance for savvy investors to tap into Forest Hill's thriving rental market. The house boasts 12 well-appointed bedrooms, 6 of which have ensuites. Approved for 16 tenants, there is ample space to expand up to 16 bedrooms(STCA). Designed with comfort and convenience in mind, the house features multiple living areas, two fully-equipped kitchens, a separate laundry room, ducted heating and cooling, and comprehensive security systems. The outdoor area includes a private, paved BBQ space, perfect for entertaining.

The rental income potential is substantial, with ensuite bedrooms expected to generate $260-$285 per week and standard bedrooms expected to generate $200-$220 per week. The projected annual income is approximately $147,000, offering a potential yield could exceed 6% if fully tenanted, making this property a lucrative investment.

Situated in a quiet, family-friendly neighborhood, this property is extremely close to the Forest Hill Shopping Centre, offering unparalleled convenience for residents. It is also near top-rated schools, lush parks, and excellent public transport options. Forest Hill is renowned for its vibrant community and high quality of life, making it an ideal location for rental properties.

The Forest Hill rental market is robust, ensuring consistent demand for properties like this. With approval for 16 tenants, there is significant potential to increase rental income through expansion (STCA). The property's solid returns, with a potential annual yield of over 5%, and exceeding 6% with full occupancy, promise attractive returns for investors.

Don’t miss out on this exceptional property that combines immediate rental income with significant future growth potential. Contact us today to arrange a private inspection and secure your investment in one of Forest Hill’s most promising opportunities.
Type
House
Bedrooms
12
Bathrooms
8
Parkings
4
Area
714m2
Study
1

Price guide

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49 Vanbrook Street Forest Hill VIC 3131

Property FAQs

What is the current asking price for the 49 Vanbrook Street, Forest Hill, Vic 3131?

WINEX REAL ESTATE PTY LTD has not listed a sale price for 49 Vanbrook Street, Forest Hill, Vic 3131. Contact the agent for a price guide.

How many bedrooms does the property listed 49 Vanbrook Street, Forest Hill, Vic 3131 feature?

49 Vanbrook Street, Forest Hill, Vic 3131 is a 12 bedroom House.

What are the standout features of the 49 Vanbrook Street, Forest Hill, Vic 3131?

Explore all key property features for 49 Vanbrook Street, Forest Hill, Vic 3131. Click here to find out more.

What is the total land area and built-up area of the 49 Vanbrook Street, Forest Hill, Vic 3131?

The total land area and built-up area of the 49 Vanbrook Street, Forest Hill, Vic 3131 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the 49 Vanbrook Street, Forest Hill, Vic 3131?

49 Vanbrook Street, Forest Hill, Vic 3131 can accommodated 4 vehicles in the parking area.

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