23 George Street, Wallaroo, SA 5556 | BlockOfUnits for sale | OnTheHouse
 
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23 George Street
Wallaroo SA 5556

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 1047m2
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Investment Opportunity - Three Units on 3 Titles

A rare opportunity to acquire a fully established investment property comprising three quality homes on three community titles.
Offering immediate rental income with long-term upside, the property is fully operational and already delivering returns, making it a smart addition to any investment portfolio plus offering the opportunity for individual sales.
Built in 2004 by Oasis Homes, the development sits on a generous 1,047m² allotment and connects to Council STEDS common effluent, mains water and the NBN.
Each home offers three well-sized bedrooms and a functional open plan living, meals and kitchen area designed for comfortable everyday living.
A central bathroom services the home, while a single carport provides off-street parking.
Each residence also includes its own private yard, creating separation and appeal for tenants.
Comfort is ensured with air conditioning, while the homes are fitted with all-electric appliances and electric hot water systems.
Electricity and water are individually metered for each unit.
From an investment perspective, the property presents a secure long-term rental income stream, suiting investors seeking a low-maintenance, multi-income asset-a perfect fit for a self-managed super fund.
Inspection is strictly by appointment only.

Property Details for 23 George St, Wallaroo

23 George St, Wallaroo is a 3 bedroom, 1 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 1047m2. The place is currently for sale with Ray White Yorke Peninsula.

Building Type
BlockOfUnits
Land Size
1047m2
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About Wallaroo 5556

The size of Wallaroo is approximately 48.2 square kilometres. It has 30 parks covering nearly 2.6% of total area. The population of Wallaroo in 2016 was 3481 people. By 2021 the population was 3699 showing a population growth of 6.3% in the area during that time. The predominant age group in Wallaroo is 60-69 years. Households in Wallaroo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wallaroo work in a community and personal service occupation.In 2021, 64.60% of the homes in Wallaroo were owner-occupied compared with 61.30% in 2016.

Wallaroo has 3,531 properties. Over the last 5 years, Houses in Wallaroo have seen a 114.17% increase in median value, while Units have seen a 125.39% increase. As at 28 February 2026:

  • The median value for Houses in Wallaroo is $570,467 while the median value for Units is $502,343.
  • Houses have a median rent of $450 while Units have a median rent of $200.
There are currently 11 properties listed for sale, and no properties listed for rent in Wallaroo on OnTheHouse. According to Cotality's data, 183 properties were sold in the past 12 months in Wallaroo.

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David Bussenschutt
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Ray White Yorke Peninsula
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