55 Wallace StreetMeredith VIC 3333
Property Details for 55 Wallace St, Meredith
55 Wallace St, Meredith is a 3 bedroom, 2 bathroom House with 10 parking spaces. The property has a land size of 4047m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in April 2018.
Last Listing description (March 2026)
A rare and versatile investment opportunity delivering an approximate 7% yield with clear scope for further upside.
Positioned on just over an acre in the heart of Meredith, 55 Wallace Street is home to one of the township's most well-known and frequented destinations, offering a unique blend of residential, retail and commercial income streams.
The property features a charming three-bedroom cottage alongside a highly successful caf, complete with a fully equipped commercial kitchen. Complementing this is an established steel art business and a collection of specialty retail spaces showcasing an eclectic mix of vintage and artisan goods.
Currently returning approximately $42,000 per annum from the residence and caf, plus an additional $10,000 per annum from a long-standing retail tenant keen to remain, the asset provides immediate income with stability.
The expansive remaining land is utilised for the steel and garden art business, presenting exceptional flexibility for future use. Whether continuing the existing operation or reimagining the space as a nursery, garden supplies hub or other outdoor-focused enterprise, the options are extensive.
With onsite parking for approximately 12 vehicles and outstanding exposure along the well-trafficked Midland Highway within the 60km/h township zone, the property is ideally positioned for ongoing commercial success.
An opportunity to retain the current income streams while enhancing and expanding this already thriving precinct, or to reposition and add your own vision.
For further information or to express your interest, contact Nathan Brown today and secure one of Meredith's community treasures.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
Property History for 55 Wallace St, Meredith, VIC 3333
- 26 Mar 2026Listed for Sale $895,000 - $980,000
- 22 Mar 2019Listed for Rent $30,000 / year
- 11 Dec 2018Listed for Rent - Price not available
Recent sales nearby
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About Meredith 3333
The size of Meredith is approximately 209.4 square kilometres. It has 4 parks covering nearly 4.5% of total area. The population of Meredith in 2016 was 788 people. By 2021 the population was 821 showing a population growth of 4.2% in the area during that time. The predominant age group in Meredith is 50-59 years. Households in Meredith are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Meredith work in a managers occupation.In 2021, 82.90% of the homes in Meredith were owner-occupied compared with 81.40% in 2016.
Meredith has 517 properties. Over the last 5 years, Houses in Meredith have seen a 202.18% increase in median value, while Units have seen a 22.68% increase. As at 31 March 2026:
- The median value for Houses in Meredith is $1,418,046 while the median value for Units is $377,076.
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