Positioned in a quiet and well-regarded location, this block of four one-bedroom units presents a compelling opportunity for investors seeking reliable income and long-term potential. Set on a generous allotment of approximately 934m², the property offers four self-contained units, each with its own practical layout and comfortable living space.
Each unit features a combined kitchen, living and dining area, gas cooking, split system heating and cooling, a bathroom with shower, separate WC and laundry facilities. A single carport is allocated to each residence, along with access to a shared yard area, providing convenient off-street parking and outdoor space for tenants.
While the units offer modest and functional accommodation, the property has demonstrated strong rental demand with historically low vacancy, making it a dependable addition to an investment portfolio.
Current Rental Income
Unit 1: $230 per week
Unit 2: $185 per week
Unit 3: $230 per week
Unit 4: $220 per week, increasing to $230 per week from 5 June 2026
This provides a current combined rental return of $865 per week (approx. $44,980 per annum), increasing to $875 per week (approx. $45,500 per annum) once the scheduled rent increase takes effect.
With a price guide of $550,000 $600,000, the property represents an attractive gross rental yield of approximately 7.5% 8.3%, offering solid cash flow potential for investors.
Please contact us for further information or to arrange an inspection.
Please note the units may contain asbestos.
