5 Merryn CloseBundoora VIC 3083
Property Details for 5 Merryn Cl, Bundoora
5 Merryn Cl, Bundoora is a 8 bedroom, 3 bathroom House. The property has a land size of 596m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 8 bedroom House sold in Bundoora in the last 12 months.
Last Listing description (December 2025)
The Phone Code for this property is: 82929. Please quote this number when phoning or texting.
OFFERS INVITED
Rental Income $2,080 PER WEEK $108,160 PA ( 2026 Potential $119.600) | Fully Furnished | Land Tax Exempt | Metro Melbourne Location | Minimal Management Required
✅ Potential SMSF Investment - (subject to advice from your financial professional)
The Ultimate Positive Cash Flow Investment from Day 1 - Set & Forget!
This fully licensed, fully furnished Rooming House, high-yield investment in a prime Metro Melbourne location.
Will generating $108,160 per annum in rental income, approx. 9% +Gross Yield - with further increase potential - this is a rare, high-demand asset that offers long-term stability, strong rental returns, and minimal ongoing work.
Why This Investment Stands Out:
✅ 8 fully furnished rooms - each with split-system air conditioning for tenant comfort
✅ 3 modern bathrooms - well-equipped to accommodate multiple tenants
✅ Secure long-term tenants - ensuring continuous occupancy and reliable cash flow
✅ Upcoming rent increase - even greater income potential!
✅ Solar panels - reducing operational costs and increasing profit margins
✅ Land tax exempt - maximizing your net rental yield
✅ Fully compliant & licensed Rooming House - no additional approvals needed!
✅ Low-maintenance property - hassle-free investment with minimal ongoing work
✅ Easy access to Bus & Tram - additional convenience for tenants
✅ Future development potential (STCA) - explore a possible Knock Down Build - 596m2
✅ Possible SMSF investment - subject to advice from your financial advisor
Prime Bundoora Location - Always in Demand!
✨ Walking distance to RMIT University & easy access to La Trobe University
✨ Close to Bundoora Square Shopping Centre, public transport & major arterial roads
✨ High-demand rental area - strong tenant pool ensures ongoing occupancy
BONUS: Direct Sale from Owner - Support Available!
✔ Self-managed partly by the current owner - willing to assist with setup & ongoing management
✔ Expert guidance on tenant management, compliance & operational best practices
✔ Ideal for first-time or experienced investors looking for a profitable, hassle-free asset
Secure This High-Yielding Investment Today!
Don't miss out on this incredible cash-flow machine in one of Melbourne's most sought-after rental locations.
Contact me directly for any questions or to arrange an inspection!
Serious investors only - Act fast!
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 5 Merryn Cl, Bundoora, VIC 3083
- 17 Dec 2025Sold
- 12 Mar 2025Listed for Sale Offers Invited
- 14 Nov 2018Listed for Rent - Price not available
Recent sales nearby
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0About Bundoora 3083
The size of Bundoora is approximately 17.3 square kilometres. It has 85 parks covering nearly 31.6% of total area. The population of Bundoora in 2016 was 28653 people. By 2021 the population was 28068 showing a population decline of 2.0% in the area during that time. The predominant age group in Bundoora is 20-29 years. Households in Bundoora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bundoora work in a professional occupation.In 2021, 68.80% of the homes in Bundoora were owner-occupied compared with 68.90% in 2016.
Bundoora has 13,784 properties. Over the last 5 years, Houses in Bundoora have seen a 26.97% increase in median value, while Units have seen a 13.94% increase. As at 31 December 2025:
- The median value for Houses in Bundoora is $970,077 while the median value for Units is $526,372.
- Houses have a median rent of $580 while Units have a median rent of $500.
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