206 Main Road, Monbulk, VIC 3793 | House for sale | OnTheHouse
 
FOR SALE
$800,000-$880,000

206 Main Road
Monbulk VIC 3793

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 1200m2
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High-Visibility Position with Dual Access & Flexible Future Use

Offering a combined return of approximately $41,000 per annum and significant future upside, this versatile property presents a rare opportunity in the heart of Monbulk.
With 23 metres of Main Road frontage, two crossovers, rear laneway access, and connection to mains sewerage, the property lends itself to a wide range of potential uses. These include future subdivision (STCA) under the forthcoming Monbulk Housing Strategy, or alternative options such as professional suites or further redevelopment, subject to council approval.
The main residence is a tastefully renovated two-bedroom home plus study, featuring a large kitchen, spacious lounge room, and a full-length sunroom that doubles perfectly as additional living or workspace. Comfort is assured year-round with gas heating, split-system air conditioning, and a double carport.
The separate studio is well-appointed with split-system heating and cooling, an updated kitchen and bathroom, and the added benefit of separate rear laneway access, enhancing flexibility and privacy.
Currently comprising four lots on one title, the long-term redevelopment potential is substantial. All of this is complemented by an excellent location, just a short walk to Monbulk township, shops, cafés, and local amenities.
A compelling opportunity to secure strong income today while positioning for future growth.
Enquire now to add a high-potential asset to your property portfolio.
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Property Details for 206 Main Rd, Monbulk

206 Main Rd, Monbulk is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1200m2. The place is currently for sale with Chandler and Co Real Estate.

Building Type
House
Land Size
1200m2
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About Monbulk 3793

The size of Monbulk is approximately 20.3 square kilometres. It has 12 parks covering nearly 6.2% of total area. The population of Monbulk in 2016 was 3577 people. By 2021 the population was 3651 showing a population growth of 2.1% in the area during that time. The predominant age group in Monbulk is 40-49 years. Households in Monbulk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Monbulk work in a trades occupation.In 2021, 82.20% of the homes in Monbulk were owner-occupied compared with 79.40% in 2016.

Monbulk has 1,651 properties. Over the last 5 years, Houses in Monbulk have seen a 20.39% increase in median value, while Units have seen a 33.99% increase. As at 31 January 2026:

  • The median value for Houses in Monbulk is $893,090 while the median value for Units is $706,385.
  • Houses have a median rent of $585 while Units have a median rent of $10,140.
There are currently 11 properties listed for sale, and 1 property listed for rent in Monbulk on OnTheHouse. According to Cotality's data, 60 properties were sold in the past 12 months in Monbulk.

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Brad Conder
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Jerlyn Arradaza
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Chandler and Co Real Estate
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