1 Adelaide StreetFlora Hill VIC 3550
Property Details for 1 Adelaide St, Flora Hill
1 Adelaide St, Flora Hill is a 8 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 1159m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 8 bedroom House sold in Flora Hill in the last 12 months.
Last Listing description (April 2025)
Step straight into a fully renovated, ready-made investment. This unique property features four freshly updated two-bedroom units. It's an attractive proposition for both seasoned and new investors. Set on one large title, the units are being sold as a whole, however the option to strata title and value add is an option for the future.
All entrances front quiet Adelaide Street, which is just south of the Flora Hill shopping hub. At the end of the no-through road is a community playground, and direct access to the beautiful Spring Gully trail. This favourite of walkers and cyclists links to the local sports grounds, hotel and primary school, under a big leafy canopy. It's no wonder the units are solidly let.
Behind a deep frontage and four undercover car spaces, four bright front doors welcome your tenants home. There are two separate buildings on the lot; each features 2 x mirror-image two-bedroom units. The vendor has invested heavily over the last few years to deliver the as-new interiors.
Consider, all new vinyl plank flooring and carpets, new window furnishings, new split system heating and cooling units, new kitchens and bathrooms all freshly repainted. In cool, contemporary tones of grey-and-white, the designs are looking sharp.
The spacious kitchens are a real surprise, and feature an under-bench oven, electric cooktop and rangehood, dishwasher and pantry. They also incorporate a clever laundry space. The bathrooms are likewise fresh and modern. The bedrooms have mirrored built-in-robes and fans.
Outside, the rendered exteriors have freshly-painted walls and eaves. Colourbond fences separate each backyard into a neat, low-maintenance and private space.
The property currently has a total weekly rental return of $1420 ($73,840 annually) which represents a gross return of close to 5.6%. This, coupled with the excellent location near La Trobe University, and recent work, means you get an easy-to-choose addition to the portfolio.
Unit 1 - $350 per week - leased until August 2025
Unit 2 - $360 per week - leased until August 2025
Unit 3 - $360 per week - leased until February 2026
Unit 4 - $350 per week - leased until February 2026
Property History for 1 Adelaide St, Flora Hill, VIC 3550
- 27 Nov 2025Sold for $1,250,000
- 14 Nov 2024Listed for Sale $1,270,000-$1,350,000
- 25 Oct 2019Listed for Rent $290 / year
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0About Flora Hill 3550
The size of Flora Hill is approximately 2.9 square kilometres. It has 7 parks covering nearly 17.4% of total area. The population of Flora Hill in 2016 was 3955 people. By 2021 the population was 3989 showing a population growth of 0.9% in the area during that time. The predominant age group in Flora Hill is 20-29 years. Households in Flora Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Flora Hill work in a professional occupation.In 2021, 47.90% of the homes in Flora Hill were owner-occupied compared with 44.10% in 2016.
Flora Hill has 2,231 properties. Over the last 5 years, Houses in Flora Hill have seen a 49.62% increase in median value, while Units have seen a 54.98% increase. As at 31 December 2025:
- The median value for Houses in Flora Hill is $643,270 while the median value for Units is $451,214.
- Houses have a median rent of $473 while Units have a median rent of $440.
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