55 O'Neills Road, Melton VIC 3337

A rare opportunity to secure a cash-flow positive investment in the heart of Melbourne’s booming west.

Purpose-built and completed in 2022, this fully compliant Class 1B Rooming House is tenanted, income-producing, and tax-efficient — offering both depreciation and land tax exemption benefits that enhance real returns.

Investment Highlights
9 individually leased rooms:
7 currently tenanted
2 with 6-month rental guarantee from settlement left vacant for inspections & marketing

Gross Income: $2,905/week = $151,500/year

Net Yield Estimate: Circa 8.5%+
Building Area: 282m²
Land Size: 586m² (approx.)
Fully furnished, each room with:
Ensuite
Kitchenette
Private courtyard

No Owners Corporation – Full freehold control
Low outgoings

Potentially Land Tax Exempt

Depreciation Schedule Available

Prime Location
Minutes to Woodgrove Shopping Centre & Melton Train Station
Walk to schools, parks, and public transport
Easy access to Wethe stern Freeway and Melbourne CBD

Ideal For
SMSFs
Yield-focused investors
Cash flow property buyers
Multiple-income property seekers
Long-term portfolio stabilisers

Included In Sale
Full furniture fit-out
Smart TVs
Full-size fridge & freezer
Microwave, kettle & toaster

Don’t miss one of Melbourne’s strongest income-producing properties.

Inspect by as advertised or by appointment: Contact Scott Banks Today