7/234 Princes Way, Drouin, Vic 3818

Investment Opportunity – Unit 7, 234 Princes Way, Drouin

Here is an excellent opportunity to secure a low-maintenance investment property in the established and highly sought-after township of Drouin.

Unit 7, 234 Princes Way offers a practical 2-bedroom, 1-bathroom layout with 1 car space, making it an appealing option for tenants seeking affordability, convenience and easy living.

The property is currently returning $370 per week, with the rental income increasing to $400 per week from December 2026. Importantly, the long-term tenant has expressed their wish to continue with the lease**, providing an attractive level of rental continuity for the incoming investor.

At the proposed rental of $400 per week, the property generates an annual gross rental income of approximately **$20,800**, supporting an **approximate gross rental yield of around 6%**, subject to the property's purchase price and excluding outgoings and other ownership costs.

# Key Investment Highlights

* 2 bedrooms
* 1 bathroom
* 1 car space
* Established long-term tenant
* Tenant wishes to continue with the lease
* Currently leased at $370 per week
* Rental increasing to $400 per week from December 2026
* Potential gross rental income of **$20,800 per annum** at $400 per week
* Approx. 6% gross rental yield based on the proposed rental return
* Low-maintenance investment proposition
* Located in established Drouin, offering access to local shops, schools, transport and everyday amenities

A Reliable Investment with Strong Rental Appeal

For investors looking for rental stability, attractive income and potential for improved cash flow, this property presents an appealing proposition.

The planned increase from $370 to $400 per week represents an additional $30 per week, or $1,560 per year, in gross rental income.

The added benefit of a long-term tenant who wishes to remain in the property provides the incoming owner with the potential for a seamless continuation of the tenancy, subject to the relevant lease arrangements and purchaser requirements.

Combined with its manageable size, established location and improving rental return, Unit 7, 234 Princes Way represents a compelling opportunity for both first-time and experienced investors.

A solid investment with a secure rental history, an improving income stream and an attractive yield - an opportunity well worth considering for investors looking to add a high-yielding property to their portfolio.

Rental yield figures are approximate and should be confirmed against the final purchase price and actual property expenses. Buyers should undertake their own independent financial and property due diligence.

Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent.

Type

Unit

Bedrooms

2

Bathrooms

1

Parkings

1