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21 Omar Street, Wyndham Vale, Vic 3024 For Sale
21 Omar Street, Wyndham Vale, Vic 3024 21 Omar Street, Wyndham Vale, Vic 3024-Image 21 Omar Street, Wyndham Vale, Vic 3024-Image 21 Omar Street, Wyndham Vale, Vic 3024-Image 21 Omar Street, Wyndham Vale, Vic 3024-Image 21 Omar Street, Wyndham Vale, Vic 3024-Image 21 Omar Street, Wyndham Vale, Vic 3024-Image 21 Omar Street, Wyndham Vale, Vic 3024-Image 21 Omar Street, Wyndham Vale, Vic 3024-Image

21 Omar Street, Wyndham Vale, Vic 3024

$990,000 - $1,050,000

House
Type
5
Bedrooms
5
Bathrooms
1
Parkings
400 m²
Area

Published on Thursday, March 19, 2026 ( See property details for 21 Omar Street, Wyndham Vale, Vic 3024)

$990,000 - $1,050,000

Ravi Gupta - Real Estate Agent - Reliance Real Estate - Point Cook
Ravi Gupta Director/OIEC/Licensed Estate Agent
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Vee Sharma - Real Estate Agent - Reliance Real Estate - Point Cook
Vee Sharma Sales Professional
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, purpose-built co-living investment property in Wyndham Vale offering high rental yields and immediate income potential.

🏡 Property Highlights

  • High-yield purpose-built rooming house with up to $68,000 annual rental income
  • Strong gross yield of over 6%, a rare investment opportunity
  • Immediate income with three rooms already leased at $250-$280 per week
  • Prime location close to Manor Lakes Train Station and Shopping Centre
  • Fully furnished, purpose-built rooms with private ensuites and utilities included
  • Flexible lease options with additional income potential from multiple occupants

✨ Key Features

  • Ensuite
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Internal Laundry

Wyndham Vale is a rapidly growing suburb renowned for its excellent transport links, shopping amenities, and family-friendly environment. It offers strong rental demand, affordable housing options, and ongoing infrastructure development, making it an ideal location for investors and tenants alike. The area benefits from proximity to Melbourne’s CBD, quality schools, and recreational facilities, ensuring sustained growth and lifestyle appeal.

What is the current occupancy status and rental income of the property?
Three rooms are currently leased at $250-$280 per week, providing immediate rental income with strong demand supporting ongoing leasing and rental growth.
What utilities are included in the rent?
Utilities such as internet, water, gas, and electricity are included, simplifying management and maximising tenant appeal.
What are the lease options available for tenants?
Flexible weekly or fortnightly rental payments are available, with options for multiple occupants per room at an additional charge.
Is there on-site parking available?
Yes, there is a single lock-up garage available at an additional cost, along with off-street parking options.
What amenities are provided in the shared living spaces?
Shared kitchen is fully equipped with an induction cooktop, oven, fridge, dishwasher, and additional fridge space. Fully furnished living areas and laundry facilities are also included.
Are there any upcoming planning or development applications in the area that could affect the property’s value or rental demand? What are the long-term maintenance costs associated with the property, including common areas and utilities? Are there any restrictions or covenants on the property that could impact future modifications or expansions? Has the property been inspected for structural issues, pests, or other defects? Are there any strata or body corporate fees applicable if additional units or shared facilities are involved? What is the history of rental income and vacancy rates for similar properties in the area? Are there any local noise, traffic, or environmental concerns that could affect tenant satisfaction? Is the property compliant with all relevant building codes and safety standards? What are the terms of the lease agreements, and are there any restrictions on rent increases? Are there any planned infrastructure projects or developments nearby that could influence property value or desirability?

21 Omar Street, Wyndham Vale, Vic 3024 - More Details

$990,000 - $1,050,000

An outstanding opportunity to secure an near new purpose-built rooming house delivering exceptional rental returns of up to $68,000 per annum (over $1300 per week), representing a rare 6%+ gross yield in a tightly held growth corridor.

This high-performing co-living asset is ideally positioned just moments from Manor Lakes Train Station and Manor Lakes Shopping Centre, making it highly attractive to professionals, students, and essential workers seeking convenient, low-maintenance accommodation.

Currently, three rooms are already leased ranging between $250-$280 per week for each room, providing immediate income with strong demand supporting ongoing leasing and rental growth. With flexible leasing structures and utilities included, this property offers a set-and-forget investment with minimal vacancy risk.


Investment Highlights:
• Estimated rental return: Up to $68,000 per annum (over $1300 per week)
• Rare 6%+ gross yield
• Immediate income with rooms already tenanted with each room leased between $250- $280 per week.
• Strong demand location close to transport, shopping, and amenities
• Ongoing Common area cleaning & gardening – cost covered by landlord


Property Features:
• Purpose-built studio-style rooms, each with a private ensuite including shower, toilet, and sink
• Utilities included (internet, water, gas, and electricity), maximising tenant appeal and simplifying management
• Shared kitchen area fully equipped with additional fridge, induction cooktop, oven, fridge and dishwasher
• Fully furnished (Appliances &  Furniture) Living area and Laundry.
• On-site laundry facilities for resident convenience
• Parking options include a single lock-up garage (available at additional cost to residents) plus off-street parking


Lease Structure:
• Flexible weekly or fortnightly rental payments
• Bond: 4 weeks' rent
• Option for multiple occupants per room at an additional charge, increasing income potential

With strong rental demand, flexible income streams, and an unbeatable location, this is a rare chance to secure a high-yield co-living investment in one of Melbourne's fastest-growing suburbs.

Inspections are highly recommended for investors seeking strong cash flow and long-term growth.


Photo ID required for all inspections.

Please see the below link for an up-to-date copy of the Due Diligence Checklist:

http://www.consumer.vic.gov.au/duediligencechecklist

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent

*Images for illustrative purposes only*
Type
House
Bedrooms
5
Bathrooms
5
Parkings
1
Area
400 m²
House Size
238 m²

Price guide

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