VIRTUAL INSPECTION AVALIBLE 12:00-12:30 WED 23/07/2025.
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Two Titles, Three Income Streams, Endless Potential
181 Heidelberg Road & 12 Westfield Street, Northcote
Occupying a prized corner position in Northcote's inner north, this substantial dual-title holding features three fully self-contained residences-each with two bedrooms, two bathrooms, their own living space, kitchen, laundry, private garden and separate street access.
Zoned Industrial 3 (IN3Z) and the potential to realise over $200,000 p.a. as a short-stay rental, the property presents a rare opportunity for investors, developers, or multi-generational families. Each dwelling offers complete independence and flexibility, making it ideal for those seeking a mix of lifestyle and income, or a future-ready platform for commercial or creative use (STCA).
Three Distinct Residences:
• The Residence 2BED 2 BATH: Renovated 1930s-character home with high-end finishes, bespoke kitchen, polished concrete flooring, private courtyard, and master with ensuite.
• The Gallery 2BED 2 BATH: Modern two-bedroom unit with industrial styling, steel accents, private outdoor space, and two bathrooms including ensuite.
• The Stables 2BED 2 BATH: Rustic, light-filled retreat with fireplace, timber finishes, private courtyard, and its own full living and dining zone.
Strategic Inner-North Location:
Opposite expansive parklands and moments from the Yarra River Trail, Northcote Golf Course, Fairfield Village, Studley Park, and the newly redeveloped Northcote Aquatic Centre. Just 6km from Melbourne's CBD, with easy access to public transport and key arterials.
Key Features:
• With a potential to realise over $200,000 p.a in return
• Three separate residences with individual access, living zones, gardens, and laundries
• Industrial 3 Zoning - potential for redevelopment or commercial use (STCA)
• Heritage appeal with modern updates
• Corner block with three street frontages
A rare and flexible investment with strong returns and future upside in one of Melbourne's most tightly held inner-city locations.
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