Positioned in popular Invermay, this well-established share house presents a solid opportunity for investors seeking strong, consistent returns. Fully configured for multiple tenancies, the property is designed to maximise rental income with individual leases already in place, offering an immediate income stream from day one.
The main residence features five lettable rooms, supported by shared amenities including two bathrooms and a communal living, kitchen and dining area. Practical additions such as a separate laundry and an enclosed storage area enhance functionality for tenants, while the low-maintenance yard keeps upkeep to a minimum. Off-street parking for 2–3 vehicles further adds to the property's appeal. Conveniently located close to Invermay shops, public transport and local schools including Invermay Primary School and St Finn Barrs, and just a short 5–10 minute drive to the CBD and University campus.
Adding further value, a separate studio at the rear is independently leased. With its own open plan living and bedroom space, well-appointed kitchen and private bathroom, it provides an additional income source and flexibility for future use.
Currently generating a combined rental income of $1,335 per week, the property offers a strong return from multiple established tenancies. All furniture and appliances are included in the sale, allowing for a smooth transition and continued operation as a fully furnished investment.
Key Features:
• Five individually leased rooms in the main house
• Two shared bathrooms servicing the residence
• Communal living, kitchen and dining area
• Separate laundry and enclosed storage area
• Low-maintenance backyard with no lawn care required
• Off-street parking for 2–3 vehicles
• Detached studio with its own lease
• Studio includes open plan living/bedroom, kitchen and bathroom
• Combined rental income of $1,335 per week
• Furniture and appliances included in the sale
• Close to Invermay shops, public transport and local schools
• Approx. 5–10 minutes to the CBD and University campus
• Multiple income streams from established tenancies
A ready-made investment with strong rental appeal, this property is well suited to those looking to expand their portfolio with a high-performing asset in a sought-after location.
Council Rates approx. $2000 p.a.
Water Rates approx. $1200 p.a.
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