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8 Yertchuk Avenue Ashwood, VIC 3147

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8 Yertchuk Avenue,
Ashwood, VIC 3147

Shops & Retail

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Map of 8 Yertchuk Avenue

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A Rare Dual-Income Opportunity in the Heart of Ashwood

Perfectly positioned in a high-traffic local strip and just 14 km from Melbourne's CBD, this renovated mixed-use property presents an exceptional opportunity for investors or owner-occupiers. Spanning a land size of approximately 190 m² with a building footprint of around 156 m², this property comprises a securely tenanted commercial space on the ground floor and a fully renovated two-bedroom apartment above, offering excellent income-generating potential from day one.

The ground-floor retail space is currently leased to a long-standing hair salon, delivering consistent rental returns of approximately $500 per week. Well-equipped with client areas and storage, this commercial component provides solid infrastructure for business continuity. Above, the light-filled residential apartment showcases a complete contemporary makeover with an open-plan living and dining area, a stylish modern kitchen, two bedrooms, one bathroom, and secure off-street parking. With quality finishes and ample storage, the home is move-in ready or easily leasable for added income.

Set in a thriving Ashwood location, this property is surrounded by a host of amenities, including Ashwood Shopping Strip, local cafes, and numerous parks and schools, such as Ashwood High and Parkhill Primary. With bus stops nearby and easy access to Holmesglen, Jordanville, and Ashburton train stations, 8 Yertchuk Avenue offers both convenience and future capital growth. Whether you're a savvy investor seeking a diversified portfolio or an owner-occupier wanting to live above your business, this rare dual-income asset delivers the best of both worlds.

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Ashwood, 3147 demographic data

Ashwood and Greater Melbourne have similar median household incomes, at $1,909. Ashwood has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 50% of property owners in Ashwood have a mortgage.

7,154
Population
$1,909 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
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8 Yertchuk Avenue
Ashwood, VIC 3147