Welcome to 31 Matthew Street, Bedford Park just minutes from Flinders University, Flinders Medical Centre, local shops, and the beach. Whether you're buying your first home, moving up, or investing, this property has you covered.
An investor's dream, this property comes with a detailed profit and loss statement for the past two years, along with lease documents, house rules, and more all of which the current owner is happy to hand over to the new buyer. When fully tenanted, the home has previously achieved around $1,045 per week, making it a highly attractive opportunity for savvy investors seeking a ready-made income stream.
The home is set up with a clever key system for added security and ease of management: all locks to the common areas are the same, while each bedroom has its own unique key, with a master key providing access to all areas. With everything thoughtfully in place, this property is perfectly positioned to continue as a high-performing rental or shared accommodation setup from day one.
Inside, the inviting living room features polished timber-look flooring and a cosy gas fireplace, flowing seamlessly into the open-plan kitchen and dining area, complete with reverse-cycle split system for year-round comfort. The kitchen is well designed with a gas cooktop, oven, double sink, generous fridge space, and plenty of storage.
There are three spacious, light-filled bedrooms, each with ceiling fans, while the master also includes built-in robes. The modern bathroom offers a walk-in shower, corner bath, vanity, and separate toilet. A well-appointed laundry provides direct access to the large verandah and entertaining area the ideal spot for BBQs, birthdays, or relaxed weekends with family and friends.
At the rear, a fully self-contained studio offers outstanding versatility. Whether it's used as a teenager's retreat, home office, guest accommodation, or a source of extra rental income, the options are endless. Complete with its own bedroom/living area, stylishly updated kitchen, modern ensuite, and reverse-cycle split system, this space is a rare and valuable bonus.
The north-facing backyard is private and inviting, with plenty of lawn for kids or pets to play, shaded garden beds, and established trees creating a tranquil setting. At the front, a neat garden, welcoming porch, and secure garage complete the picture. Recently refreshed with a full interior repaint and updates to the front façade and roof, the home also boasts a 10kW solar system with 5kW battery storage and is being offered fully furnished ready to move straight in.
All of this is set in a popular location, just 1520 minutes from the CBD and the coastline.
** Bedroom 1 offers a fixed lease through to February 2026 for $235 pw, with the studio presently occupied on a periodic basis for $340 pw. **
Specifications:
CT / 5638/763
Council / Mitcham
Zoning / HN
Built / 1962
Land / 742m2 (approx)
Frontage / 18.9m
Council Rates / $1,829.65pa
Emergency Services Levy / $160.50pa
SA Water / $203.25pq
Estimated rental assessment $690 - $750per week/ Written rental assessment can be provided upon request
Nearby Schools / Darlington P.S, Marion P.S, Clovelly Park P.S, Bellevue Heights P.S, Seaview Downs P.S, Hamilton Secondary College, Seaview H.S
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 333839
