1 To 6/42-44 Lockwood Rd, Kangaroo Flat VIC 3555

Exceptional Investment Opportunity – 6 Units on One Title with Future Development Potential

A rare and highly lucrative investment opportunity, this property offers six one-bedroom units on a substantial 3,278m² block, with the potential to build an additional six units on-site (STCA).

Key Investment Highlights:

- 6 well-maintained, renovated one-bedroom units – all featuring updated kitchens, bathrooms, and laundries.



- Generous 3,278m² landholding – ample space for an additional six units (STCA), enhancing future returns.



- Strong rental demand – all units are tenanted, currently yielding rental incomes of $200, $280, $230, $250, $280, and $230 per unit.



- Significant rental upside – long-term tenancies have resulted in below-market rents, offering scope for increased yields.



- General Residential Zoning – Ideal for future development, government consideration, or social housing initiatives.



Secure Long-Term Tenants & High Yield Potential

The complex is home to reliable, long-term tenants who are keen to remain, ensuring a stable income stream for investors. With rental demand in Bendigo and Kangaroo Flat at record highs and near-zero vacancy rates, this property offers strong capital growth and income security.

Prime Location with Unmatched Convenience

Situated in a thriving, high-growth area, this property enjoys close proximity to:

- Shopping centres, including Lansell Square



- Schools and educational facilities



- Public transport and train station



- Easy access to Melbourne and Tullamarine Airport



Future-Proof Your Investment

With a rapidly growing population and increasing demand for rental properties, this unit complex presents a unique opportunity to secure a high-yield asset with future development potential. The site is not strata-titled, offering flexibility for investors considering future subdivision (STCA).

This is one of the best investment prospects in the Bendigo region—secure your stake in a high-growth corridor today!

For more information, contact us today.

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

Property Code: 913