1-5/14-16 Legon Rd, Oakleigh South, VIC 3167 | Unit for sale | OnTheHouse
 
FOR SALE
$4,200,000 to $4,600,000

1-5/14-16 Legon Road
Oakleigh South VIC 3167

Bedrooms: 15
Bathrooms: 10
Car spaces: 9
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Rare Opportunity in Oakleigh South, Block of 5 Units + Plans approved for another 3 bedroom unit

An exceptional investment opportunity awaits in sought-after Oakleigh South!
This tightly held property features a block of five spacious fully refurbished 3-bedroom units, each offering generous living spaces, private courtyards, and secure parking.
Positioned on a substantial block of land, there's potential to add another 3-bedroom unit with approved Plans, maximizing your returns and future capital growth.
Key Features:
* Each unit are on Separate Title
* Five well-maintained 3-bedroom units, all currently tenanted approximate rental yield of $165,000 per annum
* Strong rental returns with excellent growth potential
* Prime Oakleigh South location: moments to parks, schools, shopping, and transport
* Ideal for investors, developers, or those seeking a multi-generational living option.
Location Highlights:
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Property Details for 1-5/14-16 Legon Rd, Oakleigh South

1-5/14-16 Legon Rd, Oakleigh South is a 15 bedroom, 10 bathroom Unit with 9 parking spaces. The place is currently for sale with CENTURY 21 WILSON PRIDE (Noble Park).

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About Oakleigh South 3167

The size of Oakleigh South is approximately 6.7 square kilometres. It has 17 parks covering nearly 30.5% of total area. The population of Oakleigh South in 2016 was 9261 people. By 2021 the population was 9851 showing a population growth of 6.4% in the area during that time. The predominant age group in Oakleigh South is 30-39 years. Households in Oakleigh South are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Oakleigh South work in a professional occupation.In 2021, 74.00% of the homes in Oakleigh South were owner-occupied compared with 74.90% in 2016.

Oakleigh South has 5,336 properties. Over the last 5 years, Houses in Oakleigh South have seen a 26.20% increase in median value, while Units have seen a 18.22% increase. As at 31 October 2025:

  • The median value for Houses in Oakleigh South is $1,267,175 while the median value for Units is $790,097.
  • Houses have a median rent of $675 while Units have a median rent of $595.
There are currently 17 properties listed for sale, and 12 properties listed for rent in Oakleigh south on OnTheHouse. According to Cotality's data, 191 properties were sold in the past 12 months in Oakleigh south.

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Ritesh Saigal
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CENTURY 21 WILSON PRIDE (Noble Park)
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