339 Rhodes Street, Koongal
Listing data updated 3 Aug 2026
Positioned on a generous 736m² allotment, this well-maintained investment property delivers exactly what savvy investors are searching for—immediate rental income, a secure long-term tenancy and genuine future potential. With a lease already in place until December 2026, you can enjoy peace of mind from day one while securing a property that offers exciting opportunities to add value over time. Inside, the home offers practical, comfortable living with two bedrooms, a dedicated study or multi-purpose room and a functional layout that continues to appeal to long-term tenants. Neatly presented throughout, there's nothing to do but enjoy the returns. The Opportunity Doesn't End There Set on a substantial 736m² block, the property offers excellent side access and an abundance of usable land—a rare combination that opens the door to future improvements, additional shedding, a pool, granny flat or further development potential (STCA). As larger allotments become increasingly difficult to secure, this property presents an excellent opportunity to land bank while generating an immediate return. Investment Snapshot ✔ Secure tenancy in place until 8 December 2026 ✔ Current rent: $2,042.26 per month ✔ Last rent review completed 9 May 2026 Property Features Generous 736m² allotment with excellent side access Two bedrooms plus dedicated study/multi-purpose room High-set home with valuable usable space underneath Spacious fully fenced backyard Plenty of room for a shed, pool, granny flat or future improvements (STCA) Functional kitchen with excellent storage Open-plan living and dining area Air-conditioned living area and master bedroom Beautiful timber flooring with carpeted bedrooms Spacious bathroom Covered outdoor entertaining area Internal laundry and additional storage Established, low-maintenance gardens Whether you're looking to expand your portfolio, secure a dependable investment or purchase a property with exciting long-term development potential, 339 Rhodes Street represents exceptional buying in today's market. Properties offering secure income today with genuine future upside are becoming increasingly difficult to find.
RealistIQ deal score
Strong value signal
85
/100
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Listing details
- Status
- $450,000
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