33 Everglades Street
Lyndhurst, VIC 3975

Secure now at $1,550,000, this property offers a current return of 6.11% with an upside potential to 12.22% rental yield. It is a rare opportunity to acquire a purpose-built Specialist Disability Accommodation (SDA) investment that provides immediate income and significant growth potential.

Currently leased at $1,822 per week, this high-performing asset delivers a gross yield of 6.11% and benefits from land tax exemption, subject to eligibility, making it an attractive addition to any investment portfolio. The dwelling is purpose-designed for two NDIS-approved participants, presenting a compelling value-add opportunity.

Upon securing the second participant, the projected rental income increases to $3,764 per week, with the property expected to command a value of $1,880,000. This represents a substantial uplift in both yield and asset value.

Investment Highlights:

• Current asking price: $1,550,000
• Current rental income: $94,741 per year ($1,822 per week)
• Current gross yield: 6.11%
• Projected rental income with second tenant: $189,482 per year ($3,643 per week)
• Projected gross yield: 12.22%
• Sale price will increase to $1,880,000 after second tenant secured
• Projected gross yield after second tenant: 10.07%

Why This Opportunity Stands Out:

• Immediate rental income uplift upon second tenancy
• Potential capital growth of approximately $400,000
• SDA income supported by NDIS pricing framework
• Dual-participant design effectively doubles revenue potential within enrolled dwelling limits
• Land tax exempt investment structure

Prime Marriott Waters Location: Positioned just 350 metres (approximately a 5-minute walk) to Marriott Waters Shopping Centre, offering Woolworths and Aldi supermarkets, medical centres and pharmacies, as well as restaurants and cafes.

Exclusive Resort-Style Living - Club Marriott Access: Residents enjoy access to premium lifestyle amenities including an indoor heated pool, fully equipped gymnasium, function room, outdoor recreation spaces, and children's facilities.

Exceptional Community Connectivity: Surrounded by parks, bike paths, and sporting facilities, and close to hospitals, allied health, and specialist care providers. The setting is quiet, secure, and highly sought-after.

This is more than a property purchase; it is a strategic SDA investment with immediate income, government-backed revenue fundamentals, and a defined pathway to materially higher returns. Buyers are encouraged to secure the property now at $1,550,000 before the second tenancy activation and projected repricing to $1,880,000.