6/42-44 Lockwood RoadKangaroo Flat VIC 3555
Property Details for 6/42-44 Lockwood Rd, Kangaroo Flat
6/42-44 Lockwood Rd, Kangaroo Flat is a 6 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1975. The property has a land size of 3278m2.
Last Listing description (May 2025)
Exceptional Investment Opportunity 6 Units on One Title with Future Development Potential
A rare and highly lucrative investment opportunity, this property offers six one-bedroom units on a substantial 3,278m block, with the potential to build an additional six units on-site (STCA).
Key Investment Highlights:
- 6 well-maintained, renovated one-bedroom units all featuring updated kitchens, bathrooms, and laundries.
- Generous 3,278m landholding ample space for an additional six units (STCA), enhancing future returns.
- Strong rental demand all units are tenanted, currently yielding rental incomes of $240, $280, $250, $280, $280, and $250 per unit.
- Significant rental upside long-term tenancies have resulted in below-market rents, offering scope for increased yields.
- General Residential Zoning Ideal for future development, government consideration, or social housing initiatives.
Secure Long-Term Tenants & High Yield Potential
The complex is home to reliable, long-term tenants who are keen to remain, ensuring a stable income stream for investors. With rental demand in Bendigo and Kangaroo Flat at record highs and near-zero vacancy rates, this property offers strong capital growth and income security.
Prime Location with Unmatched Convenience
Situated in a thriving, high-growth area, this property enjoys close proximity to:
- Shopping centres, including Lansell Square
- Schools and educational facilities
- Public transport and train station
- Easy access to Melbourne and Tullamarine Airport
Future-Proof Your Investment
With a rapidly growing population and increasing demand for rental properties, this unit complex presents a unique opportunity to secure a high-yield asset with future development potential. The site is not strata-titled, offering flexibility for investors considering future subdivision (STCA).
This is one of the best investment prospects in the Bendigo regionsecure your stake in a high-growth corridor today!
For more information, contact us today.
This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.
Property Code: 913
Property History for 6/42-44 Lockwood Rd, Kangaroo Flat, VIC 3555
- 04 Mar 2025Listed for Sale $1,600,000
- 26 Jun 2024Listed for Sale $1,600,000
- 06 Sep 2008Listed for Rent - Price not available
Recent sales nearby
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0About Kangaroo Flat 3555
The size of Kangaroo Flat is approximately 18.4 square kilometres. It has 27 parks covering nearly 40.1% of total area. The population of Kangaroo Flat in 2016 was 10394 people. By 2021 the population was 11328 showing a population growth of 9.0% in the area during that time. The predominant age group in Kangaroo Flat is 60-69 years. Households in Kangaroo Flat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kangaroo Flat work in a labourer occupation.In 2021, 69.00% of the homes in Kangaroo Flat were owner-occupied compared with 67.40% in 2016.
Kangaroo Flat has 6,381 properties. Over the last 5 years, Houses in Kangaroo Flat have seen a 61.60% increase in median value, while Units have seen a 50.57% increase. As at 30 November 2025:
- The median value for Houses in Kangaroo Flat is $604,460 while the median value for Units is $435,207.
- Houses have a median rent of $500 while Units have a median rent of $445.
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