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Location

Market Insights for Lyndhurst VIC 3975

New Listings (last 30 days)

Average price

$929,945

Lowest price

$525,000

Highest price

$1,495,000

33 Everglades Street, Lyndhurst VIC 3975

$1,550,000

Search Band Search Visibility Band

$1.55M - $1.63M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 3 Baths 2 Cars

Listed: 34 days ago

Overview

This property represents a uniquely tailored investment opportunity with a focus on Specialist Disability Accommodation (SDA). Crafted specifically for two NDIS-approved participants, it offers a solid income stream from the outset and a significant potential for financial growth. Currently leased at $1,822 per week, the dwelling achieves a strong 6.11% gross yield with the added advantage of land tax exemption, pending eligibility. This makes it an attractive proposition for investors seeking reliable government-backed income streams.

Designed to maximize rental returns, the property’s dual-participant configuration allows for an upward revision in rental income to approximately $3,764 per week upon securing the second tenant. Such an increase creates a pathway to an anticipated sale price of $1,880,000, indicating substantial capital appreciation along with rental income enhancement.

The property benefits not only from its income potential but also from its convenient location near the Marriott Waters Shopping Centre, just a short five-minute walk away. This provides easy access to major supermarkets, medical facilities, pharmacies, and a variety of eateries, supporting a convenient lifestyle for residents.

Residents additionally enjoy exclusive access to Club Marriott’s resort-style amenities, including an indoor heated pool, modern gymnasium, versatile function rooms, and outdoor recreational areas catering to families and individuals alike.

Set within a tranquil and secure community featuring parks, bike paths, and close proximity to health care providers, the property stands as a comprehensive investment option combining lifestyle value and strong financial fundamentals. This opportunity is suited to investors interested in emerging sectors backed by government initiatives and offering clear growth prospects.

Local Market Insights

In Lyndhurst, Quiet Listings observed 20 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $929,945. The property type mix of listed properties is predominantly Houses at 91%, followed by commercial properties (5%), and home for sales (5%). The most active agency for houses in the Lyndhurst area is currently Area Specialist, representing 40% of new listings, followed by Ray White with 35%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.