1-4/391 Forest Street, Wendouree, VIC 3355 | House for sale | OnTheHouse
FOR SALE
$1,135,000 - $1,235,000

1-4/391 Forest Street
Wendouree VIC 3355

Bedrooms: 5
Bathrooms: 4
Car spaces: 4
Floor area: 735m2
Land area: 733m2
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Outstanding Investment Opportunity - Four Units, One Title, Strong Returns

An exceptional opportunity awaits investors seeking a quality, set-and-forget addition to their portfolio. Comprising four well-maintained units (1 x 2 Bedrooms & 3 x 1 Bedroom) on a single title, this property offers the rare combination of immediate income, strong rental demand and future potential.
Generating a combined annual rental income of $68,120 per annum from 20 September 2026, once the scheduled rent increases take effect, this is an investment that delivers reliable cash flow from day one.
Perfectly positioned in a convenient location, the property is within easy reach of schools, shopping centres, public transport and everyday amenities, ensuring ongoing appeal to a broad range of tenants. With low-maintenance living, multiple income streams and the security of one title, this is an ideal opportunity for seasoned investors or those looking to expand their portfolio with a high-performing asset.
Investment opportunities of this calibre are rarely available-secure your future with this outstanding multi-unit offering today.
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Property Details for 1-4/391 Forest St, Wendouree

1-4/391 Forest St, Wendouree is a 5 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 733m2 and floor size of 735m2. The place is currently for sale with Ray White Ballarat.

Building Type
House
Floor Size
735m2
Land Size
733m2
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About Wendouree 3355

The size of Wendouree is approximately 9.6 square kilometres. There are 23 parks, covering nearly 12.5% of the total area. The population of Wendouree in 2016 was 10445 people. By 2021 the population was 10376 showing a population decline of 0.7% in the area during that time. The predominant age group in Wendouree is 20-29 years. Households in Wendouree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wendouree work in a labourer occupation.In 2021, 53.40% of the homes in Wendouree were owner-occupied compared with 56.60% in 2016.

Wendouree has 6,675 properties. Over the last 5 years, Houses in Wendouree have seen a 26.96% increase in median value, while Units have seen a 26.05% increase. As at 31 July 2026:

  • The median value for Houses in Wendouree is $540,460 while the median value for Units is $403,294.
  • Houses have a median rent of $400 while Units have a median rent of $330.
There are currently 32 properties listed for sale, and 20 properties listed for rent in Wendouree on OnTheHouse. According to Cotality's data, 377 properties were sold in the past 12 months in Wendouree.

Suburb Insights for Wendouree 3355

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Will Munro
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Chloe Wilson
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Ray White Ballarat
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.