Looking for a property that combines immediate rental income with future value-add potential? This late 1800s character home could be the opportunity you've been waiting for.

Currently tenanted at $510 per week through until early November 2026, the property provides a secure income stream from day one, while offering plenty of scope for future improvements and capital growth.

Showcasing many original features including impressive high timber ceilings, this home retains the charm and craftsmanship of a bygone era. Offering three large bedrooms, plus a separate front lounge with a built-in log burner that is currently being utilised as a fourth bedroom, the home provides flexible accommodation options.

The heart of the home is the open-plan living area flowing through to a good-sized kitchen with modern features. Heating is well catered for with both a heat pump and the log burner.

Additional benefits include substantial basement storage and excellent indoor-outdoor flow to a courtyard, creating a practical and enjoyable living environment.

While comfortable and well-tenanted as it stands, the real opportunity lies in its potential. This property will particularly appeal to an investor looking for a renovation project -someone who can enjoy the current rental return while planning future enhancements to unlock the home's full potential and add value over time.

Features include:

Currently rented at $510 per week
Tenancy in place until early November 2026
Character home dating back to the late 1800s
Three large bedrooms
Separate lounge currently used as a fourth bedroom
Built-in log burner
Open-plan living and dining
Modernised kitchen
Heat pump for year-round comfort
Original high timber ceilings and character features
Excellent basement storage
Courtyard with indoor-outdoor flow
Opportunity to renovate and add value

Whether you're expanding your portfolio or searching for your next project, this property offers the rare combination of holding income today and renovation potential for tomorrow.