5A Monomeeth Street, Bexley NSW 2207

Large multi-unit lot in Bexley | dual-income configuration from main house and granny flat | 1930s build with 9 bedrooms and 4 bathrooms on 613m² | positioned for yield-focused owner-occupier or investor. The buying case here rests on the dual-occupancy configuration, which is uncommon for a single-title lot in this part of Bayside Council. The 9-bedroom main house and separate granny flat create genuine income separation without strata subdivision, meaning a buyer can offset holding costs significantly while living in one dwelling. The 47% building coverage and 8m roof height suggest there may be scope to reconfigure internal layouts or add further floor area, though this would require council confirmation. The property suits a buyer who values cash flow over cosmetic perfection, as the 1930s fabric will need ongoing maintenance but offers generous proportions that newer infill rarely matches. The main risk is the building’s age and the condition of key systems, which the data does not clarify. A buyer should budget for electrical, plumbing, and roof upgrades within the first two years. The lack of heritage or flood overlays is a positive, but the 2013 purchase date and multiple listings since 2021 point to a property that may have been overpriced or difficult to finance. The 39% over-60 demographic in Bexley suggests limited local demand for a 9-bedroom house, so the granny flat income is critical to the investment logic. Hold this property as a long-term dual-income holding, with the main house either owner-occupied or leased to a share-house arrangement while the granny flat provides stable ancillary yield.