Back 33 Everglades Street
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33 Everglades Street

Lyndhurst VIC 3975

3
3
3
House
Currently for sale - view listing

Overview

FOR SALE | LAND TAX EXEMPT SDA INVESTMENT WITH UPSIDE

Phone Enquiry ID: 232572 **Secure Now at $1,550,000 | Current Return 6.11% | Upside to 12.22% Rental Yield** A rare opportunity to acquire a purpose-built Specialist Disability Accommodation (SDA) investment with immediate income and significant upside. Currently leased at **$1,822 per week**, this high-performing asset delivers a **6.11% gross yield** and benefits from **land tax exemption** (subject to eligibility), making it an attractive addition to any investment portfolio. Purpose designed for **two NDIS-approved participants**, the dwelling presents a compelling value-add opportunity. Upon securing the second participant, projected rental income increases to **$3,764 per week**, with the property expected to command **$1,880,000**, representing substantial uplift in both yield and asset value. **Investment Highlights** Current Asking Price: **$1,550,000** Current Rental Income: $94,741 ($1,822 per week) Current Gross Yield: **6.11%** When second tenant is secured: $189,482/year ($3,643 per week) Projected Gross Yield: **12.22%** Alternatively buy after second tenant is secured Sale Price will increase to: **$1,880,000** Projected Rental Income: $189,482/year ($3,643 per week) Projected Gross Yield: **10.07%** **Why This Opportunity Stands Out** Secure the property today at current pricing and benefit from clear near-term upside through second participant placement. Key benefits include: Immediate rental income uplift upon second tenancy Potential capital growth of approximately $400,000 SDA income supported by NDIS pricing framework Dual-participant design effectively doubles revenue potential within enrolled dwelling limits Land tax exempt investment structure **Prime Marriott Waters Location** Positioned just **350 metres (approx. 5-minute walk)** to Marriott Waters Shopping Centre, offering: Woolworths and Aldi Medical centres and pharmacies Restaurants and cafés **Exclusive Resort-Style Living Club Marriott Access** Residents enjoy access to premium lifestyle amenities including: Indoor heated pool Fully equipped gymnasium Function room Outdoor recreation spaces and children's facilities **Exceptional Community Connectivity** Surrounded by parks, bike paths and sporting facilities Close to hospitals, allied health and specialist care providers Quiet, secure and highly sought-after residential setting This is more than a property purchase it is a strategic SDA investment with immediate income, government-backed revenue fundamentals and a defined pathway to materially higher returns. **Buy now at $1,550,000 before second tenancy activation and projected repricing to $1,880,000.**

Features

3 bedrooms
3 bathrooms
3 carspaces
House

Happy sellers in Lyndhurst

80%
80% of sellers in Lyndhurst reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 19 reviews in Lyndhurst over the last 12 months.

Local market activity for 3 bedroom houses in Lyndhurst

In the last 12 months, 19 three-bedroom houses similar to 33 Everglades Street, have been sold.

This represents a 10% increase in three-bedroom houses sales when compared to the previous 12 months.

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