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21 Hennessy Street, Horsham VIC 3400

$349,000

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$349k - $366k Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 1 Car 532 m²

Listed: 11 days ago

Overview

This two-bedroom property at 21 Hennessy Street, Horsham presents an excellent opportunity for investors aiming to start or enhance their rental portfolio. Currently leased to a tenant generating a steady rental income of $360 per week, it offers immediate returns and a gross rental yield of approximately 5.36% before expenses.

Situated on a generous 532 square meter block, the home benefits from a comfortable and functional layout. The lounge area provides a central living space, complemented by a practical kitchen and a dining area enriched by timber finishes that add warmth and character. Ceiling fans in the bedrooms promote comfort, enhancing the livability of the home in warmer months.

The property’s layout includes a centrally located bathroom and a separate laundry space, catering efficiently to everyday needs. Outdoors, the sizable backyard offers ample space for gardening enthusiasts or those who appreciate outdoor leisure, with the added practicality of a garden shed for storage and a carport adjacent to the home, offering protection for vehicles.

Given the property's features and current lease status, it is particularly suited to investors seeking a rental income from the moment of settlement. Its combination of manageable size, practical amenities, and steady income stream presents a low-maintenance property with solid investment appeal.

Local Market Insights

In Horsham, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $536,926. The property type mix of listed properties is predominantly Houses at 71%, followed by units (16%), and land (5%). The most active agency for houses in the Horsham area is currently AL Property Agents, representing 41% of new listings, followed by Wes Davidson Real Estate with 30%. 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.