Situated just a short drive to a local primary school, the Central Oval sporting complex and TAFE campus, this is a great investment opportunity. Currently tenanted, with a fixed lease, this property receives a weekly income of $270 per week and a rent return of 4.8%.
Inside, a semi-open plan living layout maximises space and creates a light feel throughout. The generously sized lounge room flows through a large archway into the adjoining kitchen, enhancing the sense of openness. The kitchen is thoughtfully designed in an L-shape, with a pantry for additional storage space. Accommodating space for a dining table, the shared kitchen and dining room is perfect for casual dining and every day meals.
The property comprises four well sized bedrooms, with bedroom one complete with a split system air conditioner. The remainder of the property is serviced by a split system air conditioner in the lounge room. Tucked away from the main living areas, the bathroom is complete with both a bath and shower, while the toilet is separate. Adjacent the laundry contains a built-in linen cupboard for essential storage space.
Outside, the expansive yard remains a blank canvas, with a patio that extends off the back of the property. Additionally, a single car carport provides covered vehicle parking and direct access to the rear yard.
FOR THE INVESTOR
Fixed lease: 09/01/2026 - 08/01/2027
Current rent: $270 per week
Current rent return: 4.8%
Rent appraisal: $310 - $330 per week
Land: 785m2 (Approx.)
Year Built: 1950
Equivalent main area: 85m2 (Approx.)
Zoning: SN - Suburban Neighbourhood
Easements: NO
Water available: YES
Sewer available: YES
Council Rates: TBC
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy, and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. We do not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.
assignmentLooking for more information on 38 Forster St?
Explore comparables, sales history and growth for this property.
