Positioned on a corner allotment of approximately 548m², this neat two-bedroom home offers an affordable investment opportunity in a highly convenient central location, within walking distance of schools, supermarkets and the town centre.
Adding to its appeal, the property is surrounded by reserves on both street frontages, creating a peaceful, leafy outlook and a unique sense of space while still being right in the heart of town. The low-maintenance cladding exterior further enhances its practicality, making it an attractive option for investors seeking a property with minimal ongoing upkeep.
Currently leased to a reliable long-term tenant who has occupied the home since 2013, the property is currently on a periodic tenancy and returns $245 per week. With targeted improvements and compliance with minimum rental standards, the property offers an excellent value-add opportunity, with the potential to significantly improve its rental appeal and achieve a notable uplift in rental returns as well as property value.
Inside, the home is tidy and functional throughout. The kitchen was updated several years ago and features a full-length laminate bench, providing excellent storage and generous preparation space. The bathroom has also been improved in past years and remains practical and serviceable. Timber flooring throughout the main living areas offers a durable, low-maintenance finish, while the bedrooms are comfortably carpeted.
For investors, the property presents an excellent opportunity to add value through strategic renovations while benefiting from immediate rental income. First-home buyers will also appreciate the chance to enter the market with a home that offers solid foundations and the potential to personalise and enhance over time.
Whether you're looking to expand your portfolio or secure your first property, this home represents exceptional value with clear upside potential.
Contact Luke today to arrange your inspection.
