Deer Park VIC Investment Property with Long-Term Lease and Development Potential

5 Little Street, Deer Park VIC 3023-Image

For Sale

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Saturday, May 23, 2026 ( See property details for 5 Little Street, Deer Park VIC 3023)

$640,000

Dimitrios Kallitsis - Real Estate Agent - Ray White - Melton

Dimitrios Kallitsis Sales Consultant

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-positioned, investment-ready house in Deer Park with long-term tenants, generous land size, and future development potential.

🏡 Property Highlights

Long-term tenant in place with ongoing lease until 06/05/2032, ensuring immediate income security.
Generous 605m² allotment offering strong land value and future development potential (STCA).
Prime location in a well-connected pocket of Deer Park, close to schools, shopping, and public transport.
Practical and comfortable layout with three bedrooms, central bathroom, and additional toilet.
Light-filled open-plan kitchen and dining area complemented by a spacious living space.
Secure garage with additional workspace at the rear, providing flexibility for storage or trade use.

✨ Key Features

Open-Plan Living
Built-in Robes
Outdoor Area
Garage
Secure Parking
Waterfront / Views
Home Office / Study
Pet-Friendly
Fly Screens
NBN / High-Speed Ready

Suburb and Property Insights of Deer Park, VIC 3023

Deer Park is a vibrant suburb offering excellent connectivity and amenities. Key highlights include proximity to primary and secondary schools, shopping centres, and public transport options. The area features scenic parklands and walking trails, making it ideal for families and investors alike. Its strategic location ensures strong growth potential and lifestyle convenience. With a welcoming community and ongoing development, Deer Park remains a highly desirable place to live and invest.

Frequently Asked Questions

What is the current rental income and lease duration?

The property is currently leased at $2,172.62 per month with a lease until 06/05/2032, providing long-term income security.

Is there potential for future development or subdivision?

Yes, the generous 605m² allotment offers flexibility for future development or subdivision, subject to council approval (STCA).

What amenities and facilities are nearby?

The property is close to Deer Park West Primary School, Victoria University Secondary College, Brimbank Shopping Centre, Deer Park Railway Station, and local parks including Kororoit Creek Trail.

What are the key features of the house's layout?

The home features three bedrooms, a central bathroom, an additional toilet, an open-plan kitchen and dining area, and a light-filled living space.

Is the property suitable for future tenants or owner-occupiers?

The property is currently tenanted with long-term tenants who wish to stay, making it ideal for investors seeking immediate income and future potential.

What to ask about this property to agent?

Are there any upcoming council or planning applications that could affect the property's future development potential? Are there any known issues with the property's structure, plumbing, or electrical systems? What are the zoning restrictions and any easements affecting the land? Is there any history of flooding or bushfire risk in this area? Are there any strata or body corporate fees applicable if the property is part of a larger development?

5 Little Street, Deer Park VIC 3023 - More Details

Established Tenancy on a Generous Block with Development Scope (STCA)

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2
Area: 0.0

Interactive Property Floorplan - 5 Little Street, Deer Park VIC 3023

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5 Little Street, Deer Park VIC 3023 - Point Of Interest

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Your Commute at a Glance: 5 Little Street, Deer Park VIC 3023

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Dimitrios Kallitsis

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5 Little Street, Deer Park VIC 3023

$640,000

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