119/116 Main DriveMacleod VIC 3085
Property Details for 119/116 Main Dr, Macleod
119/116 Main Dr, Macleod is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 5098m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 1 bedroom Unit sold in Macleod in the last 12 months.
Last Listing description (February 2026)
SBSD 12/3 @4pm (unless sold prior)
For astute investors looking to grow or diversify their portfolio, this is an exceptional opportunity to acquire a high-yield cash flow property in the highly sought-after Springthorpe Estate. Located just moments from La Trobe University, the Plenty Rd tram, Macleod Station, and the Polaris shopping precinct, this apartment offers unbeatable convenience, making it an ideal choice for student accommodation.
Currently under lease, the apartment generates a solid rental income of approximately $1,300 per month, presenting an attractive investment prospect. Situated on the ground floor, the apartment is fully furnished and boasts a spacious open-plan living area. It also features secure entry and access to communal amenities, including a lounge area and laundry facilities.
Residents benefit from complimentary access to the prestigious Springthorpe Country Club, with a wide range of top-tier amenities including:
A fully equipped gymnasium
Tennis courts
Swimming pool
Computer/internet facilities
Recreational areas and outdoor BBQ spaces
This property offers not only a strong rental return but also a lifestyle that attracts quality tenants. Don't miss your chance to invest in a property that delivers both solid income and an enviable living experience.
Property History for 119/116 Main Dr, Macleod, VIC 3085
- 26 Feb 2026Sold for $115,000
- 31 Oct 2025Listed for Sale $115,000
- 17 Mar 2025Sold for $104,000
Recent sales nearby
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0About Macleod 3085
The size of Macleod is approximately 4.6 square kilometres. It has 23 parks covering nearly 17.6% of total area. The population of Macleod in 2016 was 9769 people. By 2021 the population was 9892 showing a population growth of 1.3% in the area during that time. The predominant age group in Macleod is 30-39 years. Households in Macleod are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macleod work in a professional occupation.In 2021, 73.10% of the homes in Macleod were owner-occupied compared with 72.60% in 2016.
Macleod has 4,910 properties. Over the last 5 years, Houses in Macleod have seen a 21.64% increase in median value, while Units have seen a 12.82% increase. As at 31 January 2026:
- The median value for Houses in Macleod is $1,147,036 while the median value for Units is $712,606.
- Houses have a median rent of $608 while Units have a median rent of $555.
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