Privately positioned down a quiet right of way, this classic 1960s two-level solid brick Home & Income sits on a flat, elevated 1,085m² Mixed Housing Urban–zoned site—offering a rare combination of strong holding income and future development potential.
Returning approximately $1,320 per week, with reliable tenants keen to stay long term, this is an ideal opportunity for investors seeking stable cash flow and peace of mind from day one. Set well back from the road with a wide driveway, the property offers both privacy and practicality in a high-demand location.
The upstairs main dwelling features three well-proportioned bedrooms, a spacious kitchen, separate bathroom, formal dining area, and a generous lounge flowing through to a sun-soaked conservatory and expansive covered balcony—perfect for year-round enjoyment. Downstairs includes a huge tandem garage and separate laundry.
Adding further value is the legal self-contained unit on the lower level, complete with open-plan living, two bedrooms, a modern bathroom, separate laundry, and a generous study or office that could easily function as a third bedroom.
The flat, sunny grounds provide ample off-street parking for multiple vehicles, a boat, or trailers, along with generous outdoor living space. Easy access to public drainage further enhances the property’s future development potential.
Conveniently located within walking distance of Kelston Woolworths, LynnMall, public transport, and local schools, with easy access to major arterial routes. Large landholdings with strong income streams and reliable tenants already in place are increasingly hard to secure—making this an outstanding long-term investment opportunity.
With an asking price set significantly below the CV, this motivated vendor is clearly committed to meeting the market.
