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104a Lylia Avenue,
Mount Clear 3350, Victoria

2 bedrooms
2 bathrooms
1 car space
807m² land size
Block of Units

$490,000

Property Price Statement

Property details

Two Units. One Title. Two Income Streams.

An outstanding opportunity for investors, this unique property presents two well-appointed one-bedroom units on a single title, both currently leased and providing a combined rental income of $700 per week.

Unit 1 is leased at $350 per week until February 2027, while Unit 2 is leased at $350 per week on a periodic basis, delivering an immediate and reliable dual income stream from one property.

Both units offer functional, low-maintenance layouts with fresh, neutral interiors and a selection of modern comforts, including split-system heating and cooling, dishwashers, electric cooktops and electric ovens.

Perfectly positioned for tenant appeal, the property is located close to Federation University, Midvale Shopping Centre, recreational facilities and Ballarat's CBD, placing everyday amenities and employment, education and lifestyle options within easy reach.

With both units securely leased, a combined rental return of $670 per week and the added flexibility that comes with owning two dwellings on one title, this is an opportunity that deserves serious consideration from investors seeking to strengthen their portfolio.

Property Features:

Two one-bedroom units on a single title
Both units currently leased
Unit 1 leased at $320 per week
Unit 2 leased at $350 per week
Combined rental income of $670 per week
Split-system heating and cooling to both units
Dishwasher, electric cooktop and oven
Fresh, neutral interiors
Close to Federation University and Midvale Shopping Centre
Minutes to Ballarat CBD and local amenities

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.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

  • Mount Clear Primary School Primary Prep-6 Government 0.21km
  • Emmaus Catholic Primary School Primary Prep-6 Catholic 0.87km
  • Sebastopol Primary School Primary Prep-6 Government 2.2km
  • St James' School Primary Prep-6 Catholic 2.3km
  • Magpie Primary School Primary Prep-6 Government 2.4km

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.

Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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