1 Hillcrest Avenue, Brighton VIC 3186

Offering a unique opportunity to purchase an investment property on 623 sqm of land offering certainty of income with capital growth and a land tax exemption.
Built in 1938, single property converted into 9 individually tenanted rooms currently generates cash flow of $172,120 in gross income – a yield of up to 5.45% or 4.45% p.a. after outgoings.
This property is a Class1B Rooming House that comes fully furnished with appliances with a few things excluded.
It has all the necessary council approvals and is registered for use.

All rooms have access to the central kitchen with dual cooking facilities, laundry with 5 washing machines, dining room, and courtyard.
Each room is separately metered, and the property has a 13.5 kw solar panel system and heat pump with 3 phase power.

This property is situated in a quiet street conveniently located just a few steps from Bay street's bustling shopping strip, railway station, supermarket, theatre and the beach down the road. Enjoy city-style living in blue chip Brighton with every amenity on your doorstep.

Co-living is the preferred way of living for people. This is neither a rooming house nor shared accommodation. It offers privacy within your home and community within your reach. Tenants have their own personal living space and yet you are not isolated.
Brighton beach residential google tenant reviews rating of 4.8 as at 21/12/2025
This is a unique investment with high returns and some fantastic unique ownership benefits.