41 Cypress AvenueBrooklyn VIC 3012
Property Details for 41 Cypress Ave, Brooklyn
41 Cypress Ave, Brooklyn is a 12 bedroom, 6 bathroom Unit with 2 parking spaces. The property has a land size of 1249m2.
Last Listing description (May 2025)
Nestled in the heart of Brooklyn, one of Melbourne's fastest-growing suburbs, this outstanding block of six single-level, 2-bedroom, 1-bathroom units offers a remarkable investment opportunity. Set on a generous 1,249 sqm (approx.) parcel of land, this property combines solid rental returns with future development potential (STCA).
Each 2-bedroom unit is thoughtfully designed, with practical layouts, light-filled interiors, and low-maintenance finishes that have attracted long-term tenants. The current rental returns showcase its consistent performance, generating approximately $84,000 in the last financial year.
The sheer scale of the land and its strategic location enhance the appeal for developers and investors alike. With its expansive block size, this property presents the possibility of multi-dwelling redevelopment or other lucrative ventures (subject to council approval).
Perfectly positioned within close proximity to essential amenities, 41 Cypress Avenue is a short drive to Altona Gate Shopping Centre, schools, parks, and Brooklyn's lively caf culture. Access to the CBD is effortless via the nearby freeway, making this a prime location for urban living.
Don't miss this chance to secure a prime investment in a high-demand location with endless possibilities. Whether you're looking to expand your portfolio or explore development potential, 41 Cypress Avenue is a rare offering that demands attention.
Property History for 41 Cypress Ave, Brooklyn, VIC 3012
- 03 Dec 2024Listed for Sale $1,650,000 - $1,800,000
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0About Brooklyn 3012
The size of Brooklyn is approximately 5.5 square kilometres. It has 5 parks covering nearly 2.7% of total area. The population of Brooklyn in 2016 was 1856 people. By 2021 the population was 1979 showing a population growth of 6.6% in the area during that time. The predominant age group in Brooklyn is 30-39 years. Households in Brooklyn are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brooklyn work in a professional occupation.In 2021, 57.40% of the homes in Brooklyn were owner-occupied compared with 55.90% in 2016.
Brooklyn has 2,036 properties. Over the last 5 years, Houses in Brooklyn have seen a 2.69% increase in median value, while Units have seen a 17.20% increase. As at 30 November 2025:
- The median value for Houses in Brooklyn is $857,827 while the median value for Units is $651,660.
- Houses have a median rent of $580 while Units have a median rent of $510.
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