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49 Washington Drive,
Oakleigh South 3167, Victoria

5 bedrooms
3 bathrooms
2 car spaces
541m² land size
House

$1,020,000

Property Price Statement

Property details

Dual Occupancy with High-Yield Dual Income Opportunity

- Calling all investors -

Unlock a rare dual-income opportunity in the heart of Oakleigh South. This is an unbelievable opportunity to secure two properties for the price of one!

Situated on a corner allotment, this property boasts a dual income currently returning $53,560 p.a. Each property has their own entrance and is separated by fencing, this is an ideal situation for anyone that is looking to enter into the marketplace and live with another rental income

Perfectly positioned in a quiet, family-friendly pocket, this versatile property offers investors and extended families the ultimate combination of flexibility, functionality, and financial reward.

Property Highlights:

Unit 1:

• Three generous bedrooms, including a master with private ensuite

• Two well-appointed bathrooms for added convenience

• Spacious, light-filled living room designed for comfort and relaxation

• Dedicated dining area ideal for family meals and entertaining

• Separate laundry with practical storage and external access

• Thoughtfully designed layout offering space, privacy, and everyday functionality

Current lease : $ 2,520 per month till 17/01/2027.

Unit 2 :

• A stylish two-bedroom one bath residence completed in 2016

• Modern comfort and excellent investment advantages

Current lease : $ 1,955 per month till 07/06/2026.

Prime Lifestyle Location

• Enjoy exceptional convenience in the heart of Oakleigh South:

• Walk to Karkarook Park for trails, wetlands and open green space

• Shop locally at The Links Shopping Centre

• 10 minutes drive to Moorabbin DFO and Costco, minutes to major retail destinations including Chadstone Shopping Centre and Westfield Southland,

• Close to the Dales Park Netball Centre

Combining immediate rental strength, depreciation benefits, corner-block potential and an unbeatable location, this is a standout investment opportunity not to be missed.

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

School catchments

  • Oakleigh South Primary School Primary Prep-6 Government 1.6km
  • East Bentleigh Primary School Primary Prep-6 Government 1.6km
  • Clarinda Primary School Primary Prep-6 Government 1.7km
  • St Andrew's School Primary Prep-6 Catholic 1.7km
  • St Peter's School Primary Prep-6 Catholic 2.1km

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.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

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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