20 Railway Ave, Ashwood is a 9 bedroom, 2 bathroom House. The property has a land size of 650m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 9 bedroom House sold in Ashwood in the last 12 months.
Positioned in this expectational location on approximately 650m2 is this fantastic investment opportunity, with capacity to recreate positive cashflow as a rooming house or short stay accommodation.
When fully permitted for the intention as a 9 bedroom residence, it offers the potential to generate approximately $110,000 - $130,000 in annual income, providing strong income security and a positive return on investment.
Featuring nine bedrooms, two full bathrooms, laundry facilities and a fully equipped kitchen.
Although the previous permit has expired, it can be easily reinstated upon request, streamlining the process to resume operations.
Ideally situated for access to some of Melbourne’s most reputable educational institutions, including Ashwood High School, as well as leading tertiary campuses such as Holmesglen Institute’s Chadstone campus, Deakin University’s Burwood campus, and Monash University’s renowned Clayton campus—making it easily accessible for both students and staff alike.
Public transport options further enhance the appeal of this location, with nearby bus routes and train services - such as Jordanville and Holmesglen Stations — offering direct connections to many of these institutions. This strong network of transport links ensures that 20 Railway Avenue is not only well-positioned academically, but also exceptionally convenient for daily commuting.
Seize the opportunity to secure this high-performing investment asset.
PLEASE NOTE:
Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
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The size of Ashwood is approximately 2.6 square kilometres. It has 11 parks covering nearly 12.8% of total area. The population of Ashwood in 2016 was 6886 people. By 2021 the population was 7154 showing a population growth of 3.9% in the area during that time. The predominant age group in Ashwood is 30-39 years. Households in Ashwood are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashwood work in a professional occupation.In 2021, 60.40% of the homes in Ashwood were owner-occupied compared with 59.40% in 2016.
Ashwood has 3,732 properties. Over the last 5 years, Houses in Ashwood have seen a 15.44% increase in median value, while Units have seen a 25.25% increase. As at 31 December 2025:
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