RARE OPPORTUNITY – TWO HOMES, ONE INVESTMENT!

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31 East Terrace, Meningie SA 5264

$445,000

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$445k - $467k Transparent Transparent Listing Based on an openly advertised listing price.

House 6 Beds 2 Baths 4 Cars 742 m²

Listed: 53 days ago

Updated: 4 hours ago

Overview

This rare investment offering presents two separate three-bedroom homes located at 31A and 31B East Terrace in the township of Meningie, jointly available as a single purchase. Ideal for investors seeking consistent rental income or buyers interested in offsetting mortgage costs, these dual properties generate a combined weekly rent of approximately $460.

Each home features its own living arrangements, enhancing privacy and independence for tenants or owner-occupiers. Enclosed yards provide secure outdoor spaces, well suited for families or pet owners. The presence of built-in wardrobes and air conditioning systems, including split-system heating and cooling, contribute to year-round comfort and convenience.

The sizeable combined land area of 742 square metres underscores ample space for outdoor activities or potential future enhancements. With four car parking spaces available across the properties, convenience for residents and visitors alike is assured.

The dual-property structure offers flexibility: occupants may choose to reside in one dwelling while benefiting from rental income generated by the second, supporting diverse lifestyle or investment strategies.

Two independent homes each with three bedrooms and living areas
Secure, fully fenced yards for privacy and safety
Feature built-in wardrobes and modern air conditioning for improved comfort
Strong rental return, suitable for investors or owner-occupiers seeking income support

This property will appeal not only to investors looking to expand a rental portfolio in a regional town location but also to families or downsizers seeking supplementary income opportunities. Its current tenancy arrangement ensures immediate cash flow.

Local Market Insights

In Meningie, Quiet Listings observed 3 new houses entering the market over the last 30 days, unchanged from 3 in the prior period, with an average advertised asking price of $488,333. All new listings observed during this period were Houses. The only agency with for houses listings currently monitored in the Meningie area is Coast 2 Country Property Services. 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.