Welcome to 5 Hipwell Street, a practical brick home that offers comfortable living for someone looking to get into the market as a first home buyer, or an ideal investment opportunity in Port Augusta.
Featuring a functional 5 main room layout, this property features 3 good-sized bedrooms and a functional bathroom that provides all the necessary amenities. Built in 1973, this home is a perfect option for first-time home buyers or investors seeking a solid property in a desirable location. You'll appreciate the combination of split system and wall unit air conditioning and ceiling fans that provide year-round comfort.
The home is set on a generous corner allotment approximately 865m2, providing ample outdoor space. The garage and carport offer secure off-street parking for multiple vehicles. A rainwater tank in the rear yard is a great addition, and the yards require minimal maintenance, making it a great rental property.
For investors, there is a fixed tenancy in place until 19/10/2023 at $260 per week rent, and has had a recent rent appraisal of $260 - $280 per week, offering a return on investment of 6.7% - 7.2% at full purchase price.
Located in close proximity to main services, schools, and parks/playgrounds, this property is well-positioned to take advantage of all the conveniences that this area has to offer.
If you're looking to get into the market at an affordable price point or looking for a promising investment property, contact Charmaine on 0428 656 181 for more information or inspection!
FOR THE INVESTOR
Fixed tenancy: 21/10/2022 - 19/10/2023
Rent per week: $260
Rental appraisal: $260 - $280 per week (appraised 3/4/2023)
Rent return: 6.7% - 7.2%
Land: 865m2 (approx)
Year Built: 1973
Equivalent main area: 120m2
Council rates: $2,317.62 p.a.(2022/23)
Zoning: Suburban Neighbourhood
Easements: Yes
Water available: Yes
Sewer available: No
