49 Washington Dr, Oakleigh South is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 541m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 5 bedroom House sold in Oakleigh South in the last 12 months.
- Calling all investors -
Unlock a rare dual-income opportunity in the heart of Oakleigh South. This is an unbelievable opportunity to secure two properties for the price of one!
Situated on a corner allotment, this property boasts a dual income currently returning $53,560 p.a. Each property has their own entrance and is separated by fencing, this is an ideal situation for anyone that is looking to enter into the marketplace and live with another rental income
Perfectly positioned in a quiet, family-friendly pocket, this versatile property offers investors and extended families the ultimate combination of flexibility, functionality, and financial reward.
Property Highlights:
Unit 1:
• Three generous bedrooms, including a master with private ensuite
• Two well-appointed bathrooms for added convenience
• Spacious, light-filled living room designed for comfort and relaxation
• Dedicated dining area ideal for family meals and entertaining
• Separate laundry with practical storage and external access
• Thoughtfully designed layout offering space, privacy, and everyday functionality
Current lease : $ 2,520 per month till 17/01/2027.
Unit 2 :
• A stylish two-bedroom one bath residence completed in 2016
• Modern comfort and excellent investment advantages
Current lease : $ 1,955 per month till 07/06/2026.
Prime Lifestyle Location
• Enjoy exceptional convenience in the heart of Oakleigh South:
• Walk to Karkarook Park for trails, wetlands and open green space
• Shop locally at The Links Shopping Centre
• 10 minutes drive to Moorabbin DFO and Costco, minutes to major retail destinations including Chadstone Shopping Centre and Westfield Southland,
• Close to the Dales Park Netball Centre
Combining immediate rental strength, depreciation benefits, corner-block potential and an unbeatable location, this is a standout investment opportunity not to be missed.
The size of Oakleigh South is approximately 6.7 square kilometres. There are 17 parks, covering nearly 30.5% of the total area. The population of Oakleigh South in 2016 was 9261 people. By 2021 the population was 9851 showing a population growth of 6.4% in the area during that time. The predominant age group in Oakleigh South is 30-39 years. Households in Oakleigh South are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Oakleigh South work in a professional occupation.In 2021, 74.00% of the homes in Oakleigh South were owner-occupied compared with 74.90% in 2016.
Oakleigh South has 5,332 properties. Over the last 5 years, Houses in Oakleigh South have seen a 10.70% increase in median value, while Units have seen a 9.25% increase. As at 30 April 2026:
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