25/116 Main DriveMacleod VIC 3085
Property Details for 25/116 Main Dr, Macleod
25/116 Main Dr, Macleod is a 0 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 5098m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (February 2019)
Nestled in the prestigious Springthorpe Estate, offers a rare opportunity for savvy investors to purchase a positive cash flow investment with these outstanding student apartments.
Apartment number 25 currently leased $13,560 per annum until 05/07/2019 approx 6% return.
Apartment number 65 currently leased $11,640 per annum 17/02/2020 approx 6% return.
- Student Accommodation
- Split system heating and cooling
- Currently leased until 2019/2020
- Great returns approx.. 6%
- Walk to Tram
- Close to Latrobe University
Property History for 25/116 Main Dr, Macleod, VIC 3085
- 12 Dec 2018Sold for $120,000
- 01 Nov 2018Listed for Sale $118,000 - $129,000
- 04 Sep 2018Listed for Rent $260 / week
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 4,912 properties. Over the last 5 years, Houses in Macleod have seen a 30.70% increase in median value, while Units have seen a 15.56% increase. As at 30 November 2025:
- The median value for Houses in Macleod is $1,164,289 while the median value for Units is $726,242.
- Houses have a median rent of $590 while Units have a median rent of $550.
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