1 Shields Crescent

Built in 2019 and positioned on a substantial 1347m² allotment in sought-after Encounter Bay. This impressive and flexible property presents an outstanding opportunity for investors, multi-generational families, or buyers seeking a home with additional income potential. Thoughtfully designed with two fully self-contained living zones, the property offers incredible versatility. One side is currently tenanted at $500 per week, providing secure long-term income, while the other has been successfully operated as a short-stay accommodation over the past three years. Each residence enjoys its own spacious open-plan living environment, quality timber kitchens, exposed aggregate polish concrete floors and well-appointed bathrooms, creating comfortable and independent spaces ideal for dual occupancy or extended family living. Outdoor living is equally impressive, with generous entertaining areas, including a large rear deck on one side and an expansive outdoor entertaining zone with a compliant spa on the other, perfect for relaxing and enjoying the coastal lifestyle. Set behind secure fencing and gates with excellent infrastructure, the property also features a large shed (10x8m) and ample storage, making it ideal for those needing additional workspace or storage for vehicles, boats, or caravans. A truly unique offering in Encounter Bay, this is a property that combines lifestyle, flexibility and strong income potential. Property Features • Generous 1347m² allotment • Two self-contained residences under one roof • Ideal investment, multi-generational living or dual-use property • One residence tenanted at $500 per week • Second residence currently operated as Airbnb (~$30,000 per year average) • 4 bedrooms, 2 bathrooms across both living zones • Two timber kitchens and two laundries • Spacious open-plan living, kitchen and dining areas • Rear entertaining deck plus large outdoor entertaining area with compliant spa • Single carport/garage plus secure driveway • 10m x 8m shed with racking – excellent storage/workshop space • 36 solar panels for energy efficiency • Internal walls insulated with sound-deadening panels • Ceiling fans throughout • Fully fenced property with secure gates • Gabion front wall providing privacy and street appeal • Automated watering system • Landscaped gardens with low-maintenance surrounds Off-market opportunity available exclusively through OC First. All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice. Ouwens Casserly Real Estate Pty Ltd partners with third party providers including Realestate.com.au (REA) and Before You Buy Australia Pty Ltd (BYB). If you elect to use the BYB website and service, you are dealing directly with BYB. Ouwens Casserly Real Estate Pty Ltd does not receive any financial benefit from BYB in respect of the service provided. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions in respect of the service provided by BYB. Interested potential purchasers should make their own enquiries as they see fit. RLA 275403.