20 Railway Avenue, Ashwood VIC 3147

Positioned in this expectational location on approximately 650m2 is this fantastic investment opportunity, with capacity to recreate positive cashflow as a rooming house or short stay accommodation.

When fully permitted for the intention as a 9 bedroom residence, it offers the potential to generate approximately $110,000 - $130,000 in annual income, providing strong income security and a positive return on investment.

Featuring nine bedrooms, two full bathrooms, laundry facilities and a fully equipped kitchen.

Although the previous permit has expired, it can be easily reinstated upon request, streamlining the process to resume operations.

Ideally situated for access to some of Melbourne’s most reputable educational institutions, including Ashwood High School, as well as leading tertiary campuses such as Holmesglen Institute’s Chadstone campus, Deakin University’s Burwood campus, and Monash University’s renowned Clayton campus—making it easily accessible for both students and staff alike.

Public transport options further enhance the appeal of this location, with nearby bus routes and train services - such as Jordanville and Holmesglen Stations — offering direct connections to many of these institutions. This strong network of transport links ensures that 20 Railway Avenue is not only well-positioned academically, but also exceptionally convenient for daily commuting.

Seize the opportunity to secure this high-performing investment asset.

PLEASE NOTE:

Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
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