Positioned on a generous 736m² allotment, this neat and well-maintained property offers the kind of flexibility investors are constantly searching for, combining immediate rental appeal with exciting future potential. Featuring two bedrooms plus a study/multi-purpose room, the home provides versatile living arrangements suited to a range of tenants, while its tidy presentation means there's little to do from day one. Outside is where the opportunity truly shines. The substantial block offers excellent side access and an abundance of usable land, creating scope for future improvements, additional infrastructure, or potential development opportunities (STCA). In a market where land is becoming increasingly valuable, securing a property with this level of flexibility is a smart long-term investment. Whether you're looking to expand your portfolio, land bank for the future, or secure a property with growth potential beyond the existing dwelling, this is an opportunity worth exploring. Current Rent: $2042.26 per month Lease Until: 08/12/2026 Last Rent Increase: 09/05/2026 Features you'll appreciate: - 736m² allotment with excellent side access - 2 bedrooms plus dedicated study/multi-purpose room - High-set home with usable space underneath - Spacious, fully fenced yard - Plenty of room for a shed, pool, granny flat or future improvements (STCA) - Functional kitchen with ample storage - Open-plan living and dining area - Air-conditioned living spaces and master bedroom - Timber floors throughout with carpeted bedrooms - Generous bathroom including toilet - Paved outdoor entertaining area - Internal laundry and additional storage space - Established, low-maintenance gardens - Strong rental appeal for investors - Opportunity to add value over time - Land-bank opportunity with future development potential (STCA) Properties offering this combination of immediate income potential and future upside are becoming increasingly difficult to find. Secure your foothold today and position yourself for tomorrow. Contact Jessica or Elizabeth for access to the property campaign including the seller disclosure, building and pest inspection report and rent appraisal!
RealistIQ deal score
Good value signal
65
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 339 Rhodes Street, Koongal before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is $79,000 below RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $432,000 - $723,000Wider ranges mean more uncertainty.
RealistIQ estimate$578,000
Market price guide$499,000
$432,000$723,000
Before you inspect, check what similar properties actually sold for.
