Perfectly positioned on a generous 636sqm (approx.) block, 38 Elizabeth Street presents an exceptional opportunity for investors seeking a well-performing asset with room to grow. Behind its charming picket fence and single carport, this cottage-style home offers far more than meets the eye.
Once inside, you'll discover a surprisingly spacious floorplan, featuring two separate living areas - a welcoming front lounge and a versatile rumpus room at the rear. Polished timber floors flow throughout, adding warmth and character, while the separate dining room adjoins the updated kitchen, ensuring practical convenience for tenants.
The home includes three bedrooms and two bathrooms, making it ideal for families and long-term renters. Comfort is assured year-round with ducted evaporative cooling and gas points for heating. Additional appeal comes from side access to the rear yard, providing practicality for tenants and potential for future improvements.
Currently leased at $450 per week until September 2026, this property delivers immediate, secure income. With a current market rent of approximately $550 per week, it offers clear potential for increased returns in the future-making it an attractive choice for investors looking to enhance their portfolio performance.
Key Features:
- Charming cottage façade with picket fence
- 3 bedrooms, 2 bathrooms
- Two living areas - lounge + rumpus
- Polished timber floors
- Updated kitchen with adjoining dining
- Ducted evaporative cooling + gas points
- Single carport
- Side access to rear yard
- Set on 636sqm (approx.)
- Leased at $450pw until Sept 2026
- Market rent approx. $550pw - strong potential for further returns
An excellent long-term investment with secure income and further upside.
Rates: $2893.89
Built: 1960's - Approximately 65 years old
***Building & Pest Inspection Reports available on request
