5 Merryn Close, Bundoora, VIC 3083 | House for sale | OnTheHouse
 
FOR SALE
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5 Merryn Close
Bundoora VIC 3083

Bedrooms: 8
Bathrooms: 3
Car spaces: -
Land area: 596m2
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High Yield Investment - Fully Leased 8 Rooming House

The Phone Code for this property is: 82929. Please quote this number when phoning or texting.
OFFERS INVITED
Rental Income $2,080 PER WEEK $108,160 PA ( 2026 Potential $119.600) | Fully Furnished | Land Tax Exempt | Metro Melbourne Location | Minimal Management Required
✅ Potential SMSF Investment - (subject to advice from your financial professional)
The Ultimate Positive Cash Flow Investment from Day 1 - Set & Forget!
This fully licensed, fully furnished Rooming House, high-yield investment in a prime Metro Melbourne location.
Will generating $108,160 per annum in rental income, approx. 9% +Gross Yield - with further increase potential - this is a rare, high-demand asset that offers long-term stability, strong rental returns, and minimal ongoing work.
Why This Investment Stands Out:
✅ 8 fully furnished rooms - each with split-system air conditioning for tenant comfort
✅ 3 modern bathrooms - well-equipped to accommodate multiple tenants
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Property Details for 5 Merryn Cl, Bundoora

5 Merryn Cl, Bundoora is a 8 bedroom, 3 bathroom House. The property has a land size of 596m2. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
House
Land Size
596m2
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About Bundoora 3083

The size of Bundoora is approximately 17.3 square kilometres. It has 85 parks covering nearly 31.6% of total area. The population of Bundoora in 2016 was 28653 people. By 2021 the population was 28068 showing a population decline of 2.0% in the area during that time. The predominant age group in Bundoora is 20-29 years. Households in Bundoora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bundoora work in a professional occupation.In 2021, 68.80% of the homes in Bundoora were owner-occupied compared with 68.90% in 2016.

Bundoora has 13,785 properties. Over the last 5 years, Houses in Bundoora have seen a 29.06% increase in median value, while Units have seen a 16.62% increase. As at 30 November 2025:

  • The median value for Houses in Bundoora is $968,222 while the median value for Units is $532,201.
  • Houses have a median rent of $580 while Units have a median rent of $500.
There are currently 58 properties listed for sale, and 41 properties listed for rent in Bundoora on OnTheHouse. According to Cotality's data, 610 properties were sold in the past 12 months in Bundoora.

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