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Overview
This substantial property at 97 Railway Street offers a rare blend of generous land, picturesque lake views, and a reliable rental income, making it a compelling prospect for investors and lifestyle seekers alike. Positioned on an expansive 1,195sqm block, the home allows for extensive outdoor space uncommon in typical urban settings.
The interior layout favors comfort and practical living, with an open-plan design that encourages natural light and easy air flow. The living and dining areas, complemented by air conditioning, create a versatile environment well-suited for both relaxed family interaction and hosting guests. The kitchen is designed for functionality and storage efficiency, featuring ample cabinetry and a breakfast bench that enhances meal preparation and casual dining.
With three bedrooms, two equipped with built-in wardrobes, residents benefit from adequate storage and personal space. The neutral colour palette throughout the home lends a sense of brightness and calm, offering a blank canvas for individual styling. The single bathroom and outdoor laundry facility have been thoughtfully positioned to support everyday needs while maximizing indoor space.
Outdoor living is a standout feature here, with a front patio offering serene lake outlooks, ideal for enjoying tranquil mornings or entertaining visitors. The backyard's generous scale, accessible via side entry, provides ample room for various uses including parking for multiple vehicles, boats, or trailers — a notable consideration for hobbyists or those requiring extra storage space. The additional under-house storage further increases the functional utility of the property.
Located within convenient proximity to local schools, public transport, and amenities, this property balances accessibility with a peaceful environment. Its secure tenant in place through February 2027 at $650 per week ensures immediate rental return, underscoring its appeal as a sound investment. Overall, 97 Railway Street combines practical living spaces, ample outdoor area, and an enviable location, catering well to investors or families seeking potential for growth and lifestyle enjoyment.
Local Market Insights
In Teralba, Quiet Listings observed 4 new houses entering the market over the last 30 days, down from 6 during the previous 30-day period, with an average advertised asking price of $1,035,000. The property type mix of listed properties is predominantly Houses at 50%, followed by land (30%), and villas (20%). The most active agency for houses in the Teralba area is currently Ray White, representing 50% of new listings, followed by LJ Hooker with 25%. 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.