379 Bolsover St, Depot Hill is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1920. The property has a land size of 627m2 and floor size of 108m2.This Property is currently listed for sale with CENTURY 21 Solutions
This highset weatherboard residence presents an opportunity for investors seeking an income-producing asset with an existing tenancy and a reported rental yield of 5.77%. With tenants already in place, the property offers immediate cash flow from settlement, reducing vacancy risk and eliminating the need to source occupants upon acquisition.
The home is structurally sound and provides a practical floor plan that caters to a broad section of the rental market. Comprising two bedrooms, a sleepout, one bathroom, and a separate study, the property offers a level of flexibility that is often sought by tenants requiring additional living, working, or storage space. The combination of traditional construction, functional layout, and established tenancy makes this property a straightforward addition to an investment portfolio.
The presence of rear lane access further distinguishes the property from standard residential holdings. Features that improve accessibility and site functionality can support future flexibility and may enhance overall property utility. While investment decisions should always be based on individual due diligence and financial objectives, rear access remains a characteristic that is regularly viewed favourably within the residential property market.
For investors seeking an asset with immediate income, established tenancy, and a practical residential configuration, this property presents a clear opportunity. The dwelling offers multiple functional spaces, tenant-focused features, and a solid rental return, supported by a structurally sound building and secure allotment.
Key Investment Features:
Existing tenancy in place providing immediate rental income
Current rental yield of 5.77%
Structurally sound highset weatherboard home
Two bedrooms plus sleepout
Separate study
One bathroom
Air-conditioning in the main living area
Fully fenced allotment
Rear lane access
Established residential investment opportunity
This property represents a practical acquisition for investors seeking a tenanted asset with established returns, functional accommodation, and features that continue to support tenant demand in the residential rental market.
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The size of Depot Hill is approximately 3.1 square kilometres. There are 7 parks, covering nearly 18.4% of the total area. The population of Depot Hill in 2016 was 1032 people. By 2021 the population was 995 showing a population decline of 3.6% in the area during that time. The predominant age group in Depot Hill is 0-9 years. Households in Depot Hill are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Depot Hill work in a labourer occupation.In 2021, 61.60% of the homes in Depot Hill were owner-occupied compared with 60.90% in 2016.
Depot Hill has 566 properties. Over the last 5 years, Houses in Depot Hill have seen a 147.65% increase in median value. As at 31 July 2026:
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