31 Coronation Avenue

Discover a rare gem nestled in the vibrant heart of Bright, where your investment dreams can become a reality! Presenting four renovated 1-bedroom units, this exceptional multi-unit investment property is not just a purchase; it's a gateway to a thriving future. Set on a generous 1657m² allotment, these tenanted units are perfect for savvy investors eager to expand their portfolios or explore exciting development avenues. Prime Location: Embrace the charm and convenience of Bright! Just a leisurely stroll from the bustling CBD, schools, and scenic parks, residents will also find themselves mere moments from the Ovens River. This prime location offers the perfect blend of accessibility and community spirit, making it an attractive option for tenants. Modern Renovations: Step inside and be captivated by the thoughtful renovations that adorn each unit. Fresh paint and new floor coverings create a welcoming atmosphere, while upgraded electrical systems ensure peace of mind. Each unit is equipped with efficient split systems, providing a comfortable living environment year-round. Functional Living Spaces: Designed with comfort and convenience at the forefront, each unit features an open-plan kitchen and dining area, fully equipped with all appliances, including dishwashers, pantries, and freestanding electric cooktops. The spacious lounge/dining areas, complete with split-system heating and cooling and external blinds, invite relaxation. Each cozy master bedroom boasts a ceiling fan and built-in robe, ensuring storage and comfort, while the practical bathroom/laundry combo adds to the overall functionality of these lovely units. Outdoor Amenities: Each unit comes with its own single carport, providing hassle-free parking. Residents will also appreciate access to a shed/workshop, ideal for those who enjoy hands-on projects. The garden surrounding the property enhances its appeal and provides a serene outdoor retreat. Solid Rental Income: Investors will be thrilled to know that these units generate a steady rental income of $300.00 per unit per week ( increased from $275.00 July 1st 2026), ensuring immediate cash flow. All units currently have long term tenants. Furthermore, with Bright's strong rental market and increasing demand for housing, you can anticipate long-term appreciation in this sought-after location. Endless Potential: The expansive land offers remarkable development potential, subject to Council approval. With the steel-framed modular design of these units, relocation is a breeze, opening up exciting opportunities for further development and maximizing land use. Why Invest in Bright? Bright isn't just another picturesque destination; it's a flourishing community that draws visitors and residents alike with its stunning mountain views, outdoor activities, and welcoming vibe. This investment not only secures a foothold in one of Victoria's most charming towns but also positions you at the forefront of a growing demand for quality housing. Seize this incredible opportunity to own a piece of Bright! Whether you are looking to enhance your investment portfolio or explore development options, these renovated units are poised and ready for you. Contact our office to arrange your private inspection and explore the limitless possibilities this property has to offer.