Positioned on an elevated 602m² (approx.) allotment in the heart of Yallourn North, 1 John Street presents a great opportunity for investors seeking immediate rental income with the added potential to enhance and add value over time. Currently leased at $410 per week under a fixed-term tenancy until 30 September 2026, the property delivers secure cash flow from day one, with an attractive gross rental yield.
Inside, the home has already benefited from several updates, including a modernised kitchen featuring stone benchtops, near-new appliances and a dishwasher, along with a renovated bathroom complete with a walk-in shower. Offering a flexible floorplan, the home comprises three generous bedrooms plus a study or optional fourth bedroom, making it an appealing choice for a wide range of tenants. Additional features include split-system heating and cooling, a separate dining area, a spacious laundry with a second toilet, and an elevated rear veranda capturing pleasant views across the surrounding area. There is also scope to further improve both the home and outdoor spaces, providing the opportunity to increase value in line with market conditions.
Property Features:
- Secure investment with a fixed lease in place until 30 September 2026.
- Rental income of $410 per week.
- Updated kitchen with stone benchtops, dishwasher and near-new appliances.
- Bathroom with modern walk-in shower.
- Flexible floorplan with three bedrooms plus a study or optional fourth bedroom.
- Split-system heating and cooling for year-round comfort.
- Separate dining area and spacious laundry with second toilet.
- Elevated 602m² (approx.) allotment with rear veranda and scenic outlook.
- Excellent opportunity to further enhance the property and unlock additional value.
Conveniently located close to local shops, schools, and everyday amenities, this is a quality investment opportunity offering the ideal combination of immediate income, long-term security, and future upside.
For further information or to arrange a private inspection.
Anthony Bloomfield - 0455 303 750
Josh Quigley - 0477 122 366
Brett Chapman - 0439 313 431
