Positioned in an elevated pocket of Lake Heights, 9 Karrabah Crescent presents a high-performing investment opportunity with strong, consistent returns already in place. Set across two levels and designed to maximise income potential, this well-configured property offers flexibility for investors seeking immediate cash flow with long-term upside. With local shops, schools, transport and the lakefront all within easy reach, the location further enhances its ongoing rental appeal.
The home is thoughtfully laid out to accommodate separate living arrangements across both levels, each supported by its own metering for water and electricity. This setup allows for streamlined management while providing tenants with independence and privacy. Generous internal spaces are complemented by functional kitchens and comfortable living zones, making it an attractive option for a wide range of occupants. With an established annual return of $60,320, this is a ready-made addition to any investment portfolio offering both stability and future growth potential.
Key Features:
- Two-level home configured for strong rental performance
- Separately metered water and electricity for each level
- Established annual return of $60,320
- Functional layouts with independent living across both levels
- Convenient location close to shops, schools, transport and lakefront Ideal
- Investment with immediate income and long-term upside
Features
8 bedrooms
4 bathrooms
directions_car2 carspaces
directions_car2 carport spaces
crop_free664 m² lot size
cottageHouse
Property history for 9 Karrabah Cres
2024
Rented
Undisclosed
Leased on 03 Oct 2024 by Spinelli Real Estate
2019
Sold
$687,500
Private Sale/Treaty on 07 May 2019 by Paul Spinelli, of Spinelli Real Estate
Happy sellers in Lake Heights
97%
sentiment_very_satisfied
97% of sellers in Lake Heights reported that their sale price either exceeded or met their price expectations.
Lake Heights stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 6 reviews in Lake Heights over the last 12 months.
Local market activity for 8 bedroom houses in Lake Heights
Sold
For Sale
For Rent
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