When we last sold this property back in 2020, we mentioned how it had gained notoriety with rent going from $875 per week in 2019 to $980 per week for 2021 and that one should expect that upward trend to continue... Well now it's 2026 and that prediction has come true in a big way, with the rent at $1400 per week until end of the year (51-week lease) and signed at $1470 per week for 2027 (51-week lease)
That's a remarkable uplift in just a few years, cementing this property as a blue-chip investment with reliable income growth.
Positioned in a sought-after central city location, this spacious 7-bedroom flat consistently attracts excellent tenants - predominantly groups of responsible 3rd and 4th-year female students who keep the home well-presented.
The layout is as follows:
Ground floor: Large living area with heat pump & wood burner, kitchen, laundry, 1 bedroom
Middle floor: 3 bedrooms, 1 bathroom
Top floor: 3 bedrooms, 1 bathroom
Car parking is an added bonus, especially in such a central location.
This property has already proven its strength as a high-yielding, low-risk investment in a very desirable inner-city location. We expect the consistent rental growth of the last 5 years to continue.
Link to 3D Tour below:
https://my.matterport.com/show/?m=ki1jvSDZYfT
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