Positioned on a prime corner block with sweeping views over Corio Bay, this recently renovated three-bedroom, two-bathroom home is a rare investment opportunity. Currently leased to excellent renters on a secure 12-month lease at $530 per week, this property offers immediate rental income and attractive yield, coupled with long-term growth potential.
Freshly updated with modern flooring and paint, the home features an open-plan design with seamless indoor-outdoor flowideal for both lifestyle buyers and tenants. The expansive backyard and flexible layout also provide scope for future value-add opportunities, including potential subdivision or development (STCA).
Key Investment Highlights:
Immediate Return: Leased at $530/week on a secure 12-month lease
Renovated & Low Maintenance: Move-in ready with fresh updates and modern finishes
Development Potential (STCA): Large corner block with scope to subdivide, extend, or build
Premium Location: Minutes to Corio Bay, golf courses, boat ramps, and coastal lifestyle
Appealing to Tenants & Owner-Occupiers: Scenic views, functional layout, and ample outdoor space
Property Features:
Light-filled open-plan living and dining area
Modern kitchen with gas cooking, rangehood, and excellent storage
Three bedrooms with built-in robes; master with ensuite
Central bathroom with separate toilet
Split system heating & cooling
Expansive backyard with bay views
Ample off-street parking, with potential for additional carport or garage
Whether you're looking to expand your portfolio with a cash-flowing asset, or landbank a development-ready property in a growing coastal corridor, this is an opportunity not to be missed.
**Please note that all information provided by Pavilion Property is in good faith and derived from sources believed to be accurate and current at the date of publication. Pavilion Property acts as a conduit for this information and advises prospective purchasers to conduct their own inquiries. Pavilion Property will not be liable for any loss resulting from actions or decisions made in reliance on the provided information.
