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Back 1,2 & 3/40 Forster Street
Off Market

1,2 & 3/40 Forster Street

Port Augusta SA 5700

6
3
255 m²
784 m²
Block of units
Last sold for $430,000
Nicole FoxNicole Fox, last sold this property on 09 September 2025 after 63 days on market.

Overview

Investor Opportunity 3 Units on One Title with Strong Rental Return

Set in a convenient location within walking distance to a primary school, medical centre, pharmacy, and a handy corner deli, this solid investment package comprises of three units on one title. Built circa 1987, the property offers immediate income with all 3 units currently occupied. Currently returning a combined $585 per week, with a scheduled rent increase on 18/08/2025 taking the total weekly income to $660 p.w, this is an ideal opportunity for investors Two of the units are attached, while the third enjoys the privacy of a standalone layout. Each unit features: Open plan living, dining, and kitchen area Two bedrooms Combined bathroom and toilet Practical laundry facilities Split system or wall unit air-conditioning Low-maintenance flooring throughout Private rear yards With its practical design, reliable tenancies, and rental return, this is a rare chance to secure a multi-income property. An added bonus another identical set of units is available just metres away. Refer to the separate listing for details - Units 1,2 & 3/36 Forster Street Port Augusta. Current tenancy details, rent and quarterly water contributions; Unit 1/40 Forster Fixed lease: 10/05/2025 to 08/05/2026 | $225 per week - plus $100 water contribution per quarter Unit 2/40 Forster Periodic lease | $150 per week (increasing to $225 from 18/08/2025) - plus $22.87 water contribution/share of supply per quarter Unit 3/40 Forster Fixed lease: 13/06/2024 to 12/06/2025 | $210 per week - plus $100 water contribution per quarter Video Link available upon request Council Rates (2024/2025): $4,947.40 p.a (combined)

Features

6 bedrooms
3 bathrooms
255 m² floor area
784 m² lot size
Block of units

Estimated Value

We need at least 3 similar 6 bedroom block of units sold in Port Augusta over the last 12 months.

Property history for 1,2 & 3/40 Forster Street

2025
Sold
$430,000
Private Sale/Treaty on 09 Sep 2025 by Nicole Fox, of Port Augusta Real Estate

Happy sellers in Port Augusta

92%
92% of sellers in Port Augusta reported that their sale price either exceeded or met their price expectations.

Port Augusta stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Port Augusta over the last 12 months.

Local market activity for 6 bedroom block of units in Port Augusta

In the last 12 months, 1 six-bedroom block of units similar to 1,2 & 3/40 Forster Street, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Port Augusta

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Nicole Fox

Sellers who recommend Nicole Fox have praised them for being clear communication, local expert, dedicated, creative, great negotiation, stress-free process and well-prepared

  •   4.8   (28 reviews)
  •  7 Reviews in Port Augusta
  •  26 Sales in Port Augusta
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Mick Gilbert

Mick Gilbert is an award winning recommended agent for Port Augusta.  They have 25 local sales and collected 5 local reviews across the last 12 months.

  •   5   (12 reviews)
  •  5 Reviews in Port Augusta
  •  25 Sales in Port Augusta
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Charmaine Budd

Sellers who recommend Charmaine Budd have praised them for being clear communication, local expert, responsive, reliable, well-prepared, supportive and empathetic

  •   5   (103 reviews)
  •  2 Reviews in Port Augusta
  •  24 Sales in Port Augusta
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Teresa Maurici Seal

Teresa Maurici Seal is a recommended agent for Port Augusta.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Port Augusta
  •  1 Sale in Port Augusta
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