Positioned in the thriving township of Penola, just minutes from the celebrated Coonawarra wine region, 54 Portland Street presents an exceptional investment opportunity. Penola continues to experience high rental demand, driven by its strong local workforce, tourism appeal, quality amenities and ever-growing interest in the Coonawarra district. For investors seeking a low-maintenance, high-yielding asset, this property offers the rare chance to purchase and immediately rent out with confidence.
Fully renovated from top to bottom in recent years, the home sits on a 745m² corner allotment with appealing vineyard views. Constructed from solid Mount Gambier stone and boasting an internal floor area of 100m², it delivers the ideal package for attracting reliable long-term tenants or lucrative holiday accommodation guests. Nothing has been overlooked, making this an effortless, set-and-forget investment in a region with proven returns.
Inside, the separate living room provides instant warmth and charm, complete with polished timber floors, slow-combustion fire and a feature period mantle. The kitchen is a standout, offering tenants quality finishes including custom cabinetry, Caesarstone benchtops, a 900mm oven with 5-burner gas cooktop and a handcrafted timber island bench. Hybrid waterproof flooring transitions throughout the central spaces, leading to the laundry, separate toilet/powder room and hallway. Here, three carpeted bedrooms, including a main with generous built-in robes, surround a stylishly renovated bathroom, ensuring broad rental appeal.
Outdoor living is equally well catered for, with a rear verandah overlooking an elevated recycled hardwood deck, ideal for tenants seeking low-maintenance relaxation. Secure fencing, established gardens and dual vehicle parking further enhance the property's functionality. With all upgrades completed to a high standard, this home is ready to generate income from day one.
Key Features:
• Completely renovated throughout
• Appealing vineyard views to enhance rental desirability
• Separate living room with slow-combustion fire & polished timber floors
• Elevated recycled hardwood entertaining deck and sheltered rear verandah
• Secure yard, mature trees, low-maintenance gardens & dual driveway
• 7 kVA reverse-cycle air conditioner
• Instant gas hot water service
• Small rainwater tank for gardens
For further details or to secure this high-demand rental property, phone agent Karyn Prelc on 0402 268 137.
Age/ Built: 1955
Land Size: 745sqm
Council Rates: Approx $502 per quarter
Rental Appraisal: A rental appraisal has been conducted of approximately $300 - $320 per week.
RLA 291953
