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41 Cypress Avenue,
Brooklyn 3012, Victoria
$1,751,000
Property details
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Brooklyn's Rare Investment Gem
Nestled in the heart of Brooklyn, one of Melbourne's fastest-growing suburbs, this outstanding block of six single-level, 2-bedroom, 1-bathroom units offers a remarkable investment opportunity. Set on a generous 1,249 sqm (approx.) parcel of land, this property combines solid rental returns with future development potential (STCA).
Each 2-bedroom unit is thoughtfully designed, with practical layouts, light-filled interiors, and low-maintenance finishes that have attracted long-term tenants. The current rental returns showcase its consistent performance, generating approximately $84,000 in the last financial year.
The sheer scale of the land and its strategic location enhance the appeal for developers and investors alike. With its expansive block size, this property presents the possibility of multi-dwelling redevelopment or other lucrative ventures (subject to council approval).
Perfectly positioned within close proximity to essential amenities, 41 Cypress Avenue is a short drive to Altona Gate Shopping Centre, schools, parks, and Brooklyn's lively café culture. Access to the CBD is effortless via the nearby freeway, making this a prime location for urban living.
Don't miss this chance to secure a prime investment in a high-demand location with endless possibilities. Whether you're looking to expand your portfolio or explore development potential, 41 Cypress Avenue is a rare offering that demands attention.
Each 2-bedroom unit is thoughtfully designed, with practical layouts, light-filled interiors, and low-maintenance finishes that have attracted long-term tenants. The current rental returns showcase its consistent performance, generating approximately $84,000 in the last financial year.
The sheer scale of the land and its strategic location enhance the appeal for developers and investors alike. With its expansive block size, this property presents the possibility of multi-dwelling redevelopment or other lucrative ventures (subject to council approval).
Perfectly positioned within close proximity to essential amenities, 41 Cypress Avenue is a short drive to Altona Gate Shopping Centre, schools, parks, and Brooklyn's lively café culture. Access to the CBD is effortless via the nearby freeway, making this a prime location for urban living.
Don't miss this chance to secure a prime investment in a high-demand location with endless possibilities. Whether you're looking to expand your portfolio or explore development potential, 41 Cypress Avenue is a rare offering that demands attention.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
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School catchments
- Annunciation School Primary Prep-6 Catholic 0.38km
- Emmanuel College Secondary 7-12 Catholic 0.99km
- Bayside P-12 College-Altona North Campus Combined Government 1.5km
- Altona North Primary School Primary Prep-6 Government 1.6km
- St Leo the Great Primary School Primary Prep-6 Catholic 2.0km
- OakTree College Secondary 11-12 Independent 2.3km
- Wembley Primary School Primary Prep-6 Government 2.7km
- Bayside P-12 College-Paisley Campus Combined Government 2.9km
- Kingsville Primary School Primary Prep-6 Government 2.9km
- Corpus Christi School Primary Prep-6 Catholic 3.0km
- St Margaret Mary's School Primary Prep-6 Catholic 3.0km
- Australian Islamic Centre College Primary Prep-6 Independent 3.1km
- Newport Gardens Primary School Primary Prep-6 Government 3.2km
- SEDA College (Victoria) - AFL - Sunshine Secondary Independent 3.3km
- St Peter's School Primary Prep-6 Catholic 3.3km
- Spotswood Primary School Primary Prep-6 Government 3.4km
- Newport Lakes Primary School Primary Prep-6 Government 3.4km
- Dinjerra Primary School Primary Prep-6 Government 3.6km
- Sunshine College-Sunshine Work Education Training Unit Secondary Government 3.9km
- Caroline Chisholm Catholic College Secondary 7-12 Catholic 4.1km
- Caroline Chisholm Catholic College - Sacred Heart Campus Secondary Catholic 4.2km
- Sunshine College-Sunshine Western Region Deaf Facility Secondary Government 4.3km
- Caroline Chisholm Catholic College - Christ the King Campus Secondary Catholic 4.3km
- Sunshine College Secondary 7-12 Government 4.3km
- SEDA College (Victoria) - Basketball Braybrook Secondary Independent 4.4km
- Altona College Combined Prep-12 Government 4.9km
- Braybrook College Secondary 7-12 Government 5.0km
- Footscray High School - Pilgrim Campus Secondary Government 5.1km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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