1 Vine Court
Ouyen, VIC 3490

This property presents an excellent opportunity to begin or expand an investment portfolio with a well-positioned home in a rare court setting in Ouyen. The residence features three spacious bedrooms, two of which are equipped with split systems providing efficient heating and cooling, ensuring comfort throughout the year. The home includes a functional bathroom and a tidy kitchen, designed for practical daily living.

The lounge area is roomy and benefits from a split system air conditioner and a ceiling fan, enhancing the living environment. Accessibility is considered with a front porch that includes a ramp, facilitating easy entry.

Externally, the property boasts a large land size of 954 square meters, nearly a quarter of an acre, offering ample space for outdoor activities or potential future developments. Side access is available, adding convenience for vehicle or equipment movement.

A significant feature of the property is the 9 meter by 6 meter Colorbond shed, which includes a concrete floor, dual roller doors, and a personal access door. This shed provides substantial storage or workshop space, adding value to the investment.

The property is currently leased at $300 per week, reflecting an approximate return of 7.8%, supported by a long-term tenant who has occupied the home for over five and a half years on a periodic lease. This stable tenancy offers immediate rental income and reduces vacancy risk.

Overall, this home is a practical and attractive investment option, combining comfortable living spaces with functional outdoor features and a strong rental history. It is well-suited for investors seeking a reliable addition to their portfolio in the Ouyen area.