Positioned on a substantial 2,023sqm allotment, 7 Manor Street, Jennings offers a compelling opportunity for investors seeking immediate income with future upside. The gently sloping, fully cleared block enhances usability and opens the door to potential further development or value-add improvements (STCA).The property is already configured for dual income, featuring two self-contained units: a 2-bedroom, 1-bathroom unit at the front (currently vacant), and a separate 1-bedroom, 1-bathroom unit at the rear (currently tenanted). This setup provides multiple leasing options-rent both for dual income streams, live in one and lease the other, or accommodate extended tenants with ease.A large approx. 48sqm shed at the rear adds further appeal, offering additional storage or potential for tenant use, increasing overall rental attractiveness.With strong fundamentals, flexible configuration, and clear scope to enhance returns, this is an ideal addition to any investment portfolio. Properties offering land size,
The size of Jennings is approximately 52.6 square kilometres. There are 2 parks, covering nearly 1.1% of the total area. The population of Jennings in 2016 was 160 people. By 2021 the population was 168 showing a population growth of 5.0% in the area during that time. The predominant age group in Jennings is 60-69 years. Households in Jennings are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Jennings work in a community and personal service occupation.In 2021, 69.20% of the homes in Jennings were owner-occupied compared with 72.70% in 2016.
Jennings has 176 properties. Over the last 5 years, Houses in Jennings have seen a 84.83% increase in median value, while Units have seen a 14.00% increase. As at 30 June 2026:
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