17/132 Conyngham St, Glenunga is a 8 bedroom, 8 bathroom Unit with 8 parking spaces and was built in 1960. The property has a land size of 187m2 and floor size of 22m2. While the property is not currently for sale or for rent, it was last sold in January 2024.
Fantastic opportunity to secure 8 x ground floor studio units with 8 carparks, all on the one title. Each of these units have been completely renovated throughout and located in upmarket Glenunga, this investment represents an extremely healthy return.
The units have been cleared out for total refurbishment and only one has been released for rent at $375 per week. If you rented out all 8 at this rate, it would give you a healthy $3,000.00 per week income representing great value.
These units are very appealing to the university students, and alternatively the young or old who are seeking more affordable living. Each unit is self-contained and comes with a car park. These 8 units are all located on the ground floor and all 8 carparks are at the front of the property in the best and more convenient location. There is also a communal utilities room/laundry at the end of the building which belongs to and is for the exclusive use of this title. This block is on high security with a large electric gated entry.
The upper level is all on separate titles so there may be a possibility to split this title into 8 as per the top floors, subject to necessary consents. Obviously, this would add further value to your investment. The location is fantastic and is close to shopping, public transport, quality schooling and universities.
The listing for sale is No, 17/132 Conyngham St and comprises 8 units.
C/T Reference: Volume 6149 Folio 905
Council: Burnside
Built: 1960 Completely renovated including bathrooms and kitchens
Zoning: R - ResidentialR24 - Residential Area 24 Glenunga (North)
Strata incl Admin Fund: $2856.74 per quarter (for total 8 units)
The size of Glenunga is approximately 0.9 square kilometres. It has 2 parks covering nearly 6.9% of total area. The population of Glenunga in 2016 was 2004 people. By 2021 the population was 2184 showing a population growth of 9.0% in the area during that time. The predominant age group in Glenunga is 40-49 years. Households in Glenunga are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glenunga work in a professional occupation.In 2021, 75.10% of the homes in Glenunga were owner-occupied compared with 75.60% in 2016.
Glenunga has 992 properties. Over the last 5 years, Houses in Glenunga have seen a 61.48% increase in median value, while Units have seen a 91.23% increase. As at 28 February 2026:
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