1 Adelaide Street

Flora Hill VIC 3550

Consider, all new vinyl plank flooring and carpets, new window furnishings, new split system heating and cooling units, new kitchens and bathrooms all freshly repainted. In cool, contemporary tones of grey-and-white, the designs are looking sharp.

The spacious kitchens are a real surprise, and feature an under-bench oven, electric cooktop and rangehood, dishwasher and pantry. They also incorporate a clever laundry space. The bathrooms are likewise fresh and modern. The bedrooms have mirrored built-in-robes and fans.

Outside, the rendered exteriors have freshly-painted walls and eaves. Colourbond fences separate each backyard into a neat, low-maintenance and private space.

The property currently has a total weekly rental return of $1420 ($73,840 annually) which represents a gross return of close to 5.6%. This, coupled with the excellent location near La Trobe University, and recent work, means you get an easy-to-choose addition to the portfolio.

Unit 1 - $350 per week - leased until August 2025
Unit 2 - $360 per week - leased until August 2025
Unit 3 - $360 per week - leased until February 2026
Unit 4 - $350 per week - leased until February 2026