38 Yeates Cres, Meadowbrook is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 641m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Tucked away in the quiet and well maintained Westminster House Over 55's Lifestyle Community complex, this unique property is a spacious stand-alone duplex that offers two self-contained units on one title and is a great opportunity for astute investors to jump into the strong performing Over 55's sectorEach one-bedroom unit offers easy single-level living with a combined lounge and dining area designed for comfort and practicality. The well-appointed kitchenette adds both function and style, while the spacious ensuite enhances everyday convenience. The living area opens seamlessly to a private courtyard, creating an effortless indoor-outdoor flow.The complex offers a range of shared community facilities, creating a welcoming and social atmosphere for gatherings and activities. Residents can enjoy a large communal room complete with kitchen, lounge and dining area, a covered outdoor entertainment area plus a communal laundry.Investors will appreciate the versatility of ownership - you don't need to be over 55 to purchase - making this a standout opportunity to secure a dual-income asset in a consistently high-demand sector.Situated in a highly accessible and convenient location and close to shopping amenities, public transport options, health services, parks, and more.Key Features:* Stand-alone property with 2 units on one title* Dual income asset* Buyers not required to be over 55 to purchase - only residents required to be over 55 to reside in the complex* Open plan layouts with kitchenettes* Spacious bedrooms plus bathroom * Private courtyard for each unit* Access to shared communal facilities - lounge/dining area hub with kitchen and pool table, covered outdoor entertainment area and laundry* Ideal for investors - purchase and lease within a thriving over 55's communityAdditional Information:* Body corp approx. $1,723 per quarter* Long term tenants in place - June 2027* Unit 38 tenanted at $300 per week * Unit 39 tenanted at $300 per week* Council Rates approx. $909 per quarter* Water charges approx $609 per quarter* Please note 48 hours notice required for all inspectionsA rare opportunity in the sought after Meadowbrook pocket to acquire a proven, low-risk dual-income asset in a consistently strong performing over 55's sector. Secure steady returns and long-term growth potential today. Contact Trish Breen 0419 647 799 to arrange your inspection today.Photos are for visual reference only and may not depict current conditions. This includes but is not limited to virtual staging and/or furnishings depicted, item removal or photo editing for advertising purposes.
The size of Meadowbrook is approximately 5.7 square kilometres. It has 10 parks covering nearly 30.9% of total area. The population of Meadowbrook in 2016 was 3113 people. By 2021 the population was 3069 showing a population decline of 1.4% in the area during that time. The predominant age group in Meadowbrook is 30-39 years. Households in Meadowbrook are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Meadowbrook work in a professional occupation.In 2021, 60.80% of the homes in Meadowbrook were owner-occupied compared with 58.40% in 2016.
Meadowbrook has 1,470 properties. Over the last 5 years, Houses in Meadowbrook have seen a 102.42% increase in median value, while Units have seen a 177.92% increase. As at 30 November 2025:
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