339 Rhodes St, Koongal is a 2 bedroom, 1 bathroom House and was built in 1930. The property has a land size of 736m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in March 2025.
Positioned on a generous 736m allotment, this well-maintained investment property delivers exactly what savvy investors are searching forimmediate rental income, a secure long-term tenancy and genuine future potential.
With a lease already in place until December 2026, you can enjoy peace of mind from day one while securing a property that offers exciting opportunities to add value over time.
Inside, the home offers practical, comfortable living with two bedrooms, a dedicated study or multi-purpose room and a functional layout that continues to appeal to long-term tenants. Neatly presented throughout, there's nothing to do but enjoy the returns.
The Opportunity Doesn't End There
Set on a substantial 736m block, the property offers excellent side access and an abundance of usable landa rare combination that opens the door to future improvements, additional shedding, a pool, granny flat or further development potential (STCA).
As larger allotments become increasingly difficult to secure, this property presents an excellent opportunity to land bank while generating an immediate return.
Investment Snapshot
Secure tenancy in place until 8 December 2026
Current rent: $2,042.26 per month
Last rent review completed 9 May 2026
Property Features
Generous 736m allotment with excellent side access
Two bedrooms plus dedicated study/multi-purpose room
High-set home with valuable usable space underneath
Spacious fully fenced backyard
Plenty of room for a shed, pool, granny flat or future improvements (STCA)
Functional kitchen with excellent storage
Open-plan living and dining area
Air-conditioned living area and master bedroom
Beautiful timber flooring with carpeted bedrooms
Spacious bathroom
Covered outdoor entertaining area
Internal laundry and additional storage
Established, low-maintenance gardens
Whether you're looking to expand your portfolio, secure a dependable investment or purchase a property with exciting long-term development potential, 339 Rhodes Street represents exceptional buying in today's market.
Properties offering secure income today with genuine future upside are becoming increasingly difficult to find.
The size of Koongal is approximately 4.4 square kilometres. There are 8 parks, covering nearly 16.8% of the total area. The population of Koongal in 2016 was 4286 people. By 2021 the population was 4252 showing a population decline of 0.8% in the area during that time. The predominant age group in Koongal is 30-39 years. Households in Koongal are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Koongal work in a labourer occupation.In 2021, 61.10% of the homes in Koongal were owner-occupied compared with 59.80% in 2016.
Koongal has 2,073 properties. Over the last 5 years, Houses in Koongal have seen a 126.81% increase in median value, while Units have seen a 121.64% increase. As at 31 July 2026:
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