1 Stafford Street

Herne Hill VIC 3218

Undercover carports for each unit & a caretakers WC are located at the rear of the block, and the communal green space is a lovely spot for residents to relax and get their vitamin D fix.
Gutters, downpipes & electricity meters have been replaced across the whole building, and the low-maintenance gardens are kept neat & tidy with a gardener attending once a month.

Herne Hill has become one of Geelong's most sought-after residential pockets and Stafford Street is an established, tree-lined street just minutes from Geelong CBD with easy access to schools, parks, shopping and the Ring Road. Recent performance has seen Herne Hill house prices recording double-digit growth over the past 12 months alone, as buyer demand continues to outstrip a tight supply of listings. For investors, it's this combination of affordability, lifestyle and strong recent growth that keeps Herne Hill firmly on the radar.

With all four units securely leased, the block returns a combined annual income of $80,860 an impressive 5% yield for a strong, dependable cash flow from day one. Beyond the current returns, the property also offers exciting scope for future value-add: there is potential to add another dwelling in the open space at the rear or separate the titles (both STCA), update and sell the individual units a clear pathway for an astute investor to unlock further upside.

Advertising Photos were taken just prior to tenants moving in in June 2025, and a video walkthrough of the properties will be available shortly.

This is a genuinely low-maintenance, cash-flow-positive investment with all the heavy lifting already done. Now it's simply a case of holding, improving at your leisure, and watching your investment grow.

All information provided by Real Estate Geelong (REG) in relation to this property, including but not limited to income, dimensions, condition and works undertaken, has been provided to us by the vendor and/or obtained from sources we believe to be reliable. It is provided in good faith and to the best of our knowledge, but its accuracy cannot be guaranteed. REG accepts no responsibility or liability for any error, omission or inaccuracy in the information provided. Prospective purchasers should make their own independent enquiries and satisfy themselves as to the accuracy of all information before proceeding.