For Sale

Bill Schlink First National - Templestowe

8 Milton Drive, Wyndham Vale, Vic 3024

$505,000

House

Type

Bedrooms

Bathrooms

Parkings

563 m²

Area

Last updated on Thursday, August 06, 2026 ( See property details for 8 Milton Drive, Wyndham Vale, Vic 3024)

$505,000

View the agent price guide.

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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, low-maintenance three-bedroom investment property with long-term tenancy and future redevelopment potential in Wyndham Vale.

🏡 Property Highlights

Securely leased investment with long-term tenancy until 2028
Immediate rental income of $355 per week
Generous 563 m² allotment with future redevelopment potential (STCA)
Established three-bedroom home with hardwood timber floors
Large secure backyard and ample off-street parking
Prime location close to schools, transport, and shopping

✨ Key Features

Built-in Robes
Garage
Outdoor Area
Open-Plan Living
Water tank
Floorboards
Secure Parking
Pet-Friendly
Fully fenced
Waterfront / Views

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8 Milton Drive

Wyndham Vale, VIC 3024

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Suburb and Property Insights of Wyndham Vale, VIC 3024

Wyndham Vale is a thriving suburb offering excellent amenities, including schools, public transport, and shopping centres. It boasts a family-friendly environment with parks and recreational facilities. The area is known for its strong community vibe and future growth prospects, making it an ideal location for both investors and families. Conveniently situated with easy access to Melbourne CBD and regional attractions, Wyndham Vale continues to attract new residents seeking affordable and quality living options.

Frequently Asked Questions

What is the current condition of the property and are there any recent renovations?

The property is presented in mostly original condition with beautiful hardwood timber floors; recent renovations are not specified, but the home is well-maintained and suitable for future updates.

What are the details of the current lease and rental income?

The property is securely leased until 9 January 2028, generating an immediate rental income of $355 per week, providing reliable cash flow for investors.

Are there any planning or development restrictions on the property?

The property offers exciting future potential to renovate, extend, or redevelop (STCA), subject to council approval and zoning regulations.

What amenities and services are nearby?

The property is conveniently located close to schools, public transport, shopping facilities, and everyday amenities, ensuring a comfortable lifestyle and easy access to essentials.

Is the property suitable for tenants with pets?

Yes, the property is pet-friendly, making it attractive to tenants with animals.

What to ask about this property to agent?

Are there any zoning restrictions or easements that could affect future redevelopment plans? What are the potential costs for future renovations or extensions? Are there any known issues with the property's foundation, plumbing, or electrical systems? Is there any history of flooding or bushfire risk in the area? Are there any upcoming planning or development projects nearby that could impact the property’s value or living environment?

8 Milton Drive, Wyndham Vale, Vic 3024 - More Details

$505,000

An outstanding investment opportunity, this established three-bedroom home is securely leased until 9 January 2028, providing an immediate rental income of $355 per week and long-term peace of mind for savvy investors. Set on a generous allotment, the property also offers exciting future potential to renovate, extend or redevelop (STCA), making it a smart addition to any investment portfolio.

Presented in mostly original condition, the home features beautiful hardwood timber floors and comprises three spacious bedrooms with built-in robes, a separate light-filled lounge, a well-appointed kitchen with adjoining meals area, a central bathroom, and a separate laundry.
Outside, a large secure backyard is complemented by a single garage and ample off-street parking, enhancing its appeal for long-term tenants.

Conveniently located close to schools, public transport, shopping facilities and everyday amenities, this is a rare opportunity to secure a low-maintenance investment with an established tenancy, reliable rental return and outstanding future upside.

Please note, the current photos are from when the property was vacant. We do have the latest routine inspection with photos and comments available upon request.

Bill Schlink First National has taken every precaution to ensure the information contained herein is true and accurate, however, accepts no responsibility and disclaims all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 1
Area: 563 m²

Price guide

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Map & nearby places — 8 Milton Drive, Wyndham Vale, Vic 3024

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8 Milton Drive, Wyndham Vale, Vic 3024

$505,000

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