5 Smith St

Winchelsea VIC 3241

855 m²

House

Currently for sale - view listing

Overview

Prime Winchelsea Investment Strong Return with Development Upside

Positioned in a quiet, established pocket of Winchelsea, this well-held three-bedroom home delivers the ideal combination of immediate income and long-term potential a compelling opportunity for the astute investor. Currently returning $430 per week, the property provides a solid and reliable income stream from day one, appealing to those seeking a low-maintenance, set-and-forget addition to their portfolio. The home itself offers a practical layout with three bedrooms, a central bathroom, and comfortable living zones that continue to attract steady tenant demand. Set on a substantial 855m² (approx.) allotment, the property's true strength lies in its future potential. With ample space and favourable positioning, there is exciting scope for further development or subdivision (subject to council approval), making it an ideal land bank for those looking to maximise returns over time. The location further strengthens its investment appeal, being within close proximity to local parklands and the Winchelsea Golf Club. These lifestyle amenities enhance tenant desirability and support ongoing rental stability. Offering a rare blend of immediate cash flow and future growth potential, this is a strategic acquisition in a steadily growing regional market. Whether you're expanding your portfolio or securing a site with upside, this is an opportunity not to be overlooked.