1/206 Smith StreetNaracoorte SA 5271
Property Details for 1/206 Smith St, Naracoorte
1/206 Smith St, Naracoorte is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 860m2. While the property is not currently for sale or for rent, it was last sold in November 2026. There are other 8 bedroom Unit sold in Naracoorte in the last 12 months.
Last Listing description (November 2026)
Secure a substantial income-producing asset in the heart of Naracoorte with this outstanding investment opportunity comprising four well-maintained brick units.
Strategically positioned just moments from the town centre and constructed circa 2000, the complex is situated across two separate titles, with two units on each title. This unique arrangement provides valuable flexibility for future ownership strategies, including the potential to divest part of the holding if desired.
Currently generating a combined rental income of $940 per week, the property offers an attractive return from day one, with further scope to enhance income over time. Providing additional peace of mind for investors, all four units are securely leased on fixed tenancy agreements extending until at least May 2027.
Each unit features:
- Two generous bedrooms.
- Central bathroom with separate toilet.
- Spacious living area.
- Split system heating and cooling.
- Functional kitchen with electric appliances.
- Laundry with outside access.
- Undercover car parking space.
- Compact back yard.
Presented in excellent condition throughout, this is a rare opportunity to acquire a quality residential investment with multiple income streams, strong tenancy security, and future flexibility.
Whether you're looking to expand an existing portfolio or secure a high-performing standalone investment, this well-located complex delivers consistent returns in one of the Limestone Coast's most vibrant regional centres.
Private inspections are by appointment only and can be booked with Lee on 0427 620 864, or lee.curnow@elders.com.au.
Council: Naracoorte Lucindale
CT: 5687/529, 5687/570
Land Size: 1,800m2 approx
Rental return: $940 per week total
Council rates: $4,865.85 per annum
Zoning: Neighbourhood
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. RLA62833
Property History for 1/206 Smith St, Naracoorte, SA 5271
- 02 Nov 2026Sold
- 29 Sep 2026Listed for Sale EXPRESSIONS OF INTEREST
- 29 Oct 1999Sold for $34,000
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0About Naracoorte 5271
The size of Naracoorte is approximately 114.2 square kilometres. There are 25 parks, covering nearly 2.6% of the total area. The population of Naracoorte in 2016 was 5960 people. By 2021 the population was 6211 showing a population growth of 4.2% in the area during that time. The predominant age group in Naracoorte is 30-39 years. Households in Naracoorte are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Naracoorte work in a labourer occupation.In 2021, 69.60% of the homes in Naracoorte were owner-occupied compared with 67.30% in 2016.
Naracoorte has 3,733 properties. Over the last 5 years, Houses in Naracoorte have seen a 94.10% increase in median value, while Units have seen a 80.37% increase. As at 31 October 2026:
- The median value for Houses in Naracoorte is $451,572 while the median value for Units is $379,417.
- Houses have a median rent of $348 while Units have a median rent of $230.
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