45 Victoria Parade, Port Augusta, SA 5700

45 Victoria Parade, Port Augusta, SA 5700
45 Victoria Parade, Port Augusta

Investor-Ready Opportunity with Solid Returns

This charming and solid brick home presents an exceptional investment opportunity, offering comfort, space, and convenience on a generous 1,025 sqm fully fenced block. Currently leased at $350 per week with a fixed 12-month tenancy in place, the property delivers a reliable 5.2% gross rental yield, making it a smart addition to any portfolio. Outgoings are minimal, with council rates at $541.41 per quarter and ESL just $69.50 annually, ensuring strong net returns.

Freshly painted throughout, the interior features three well-sized bedrooms with quality carpet, while the master includes a split system air conditioner for year-round comfort. The lounge room is warm and inviting with timber flooring and a wall unit air conditioner.

The spacious bathroom is neat and functional, equipped with a walk-in shower, toilet, and vanity. The open-plan kitchen and dining area offer ample bench space, storage, a freestanding oven and cooktop, and a rangehood ideal for tenants who value practicality and ease of use. A separate laundry with built-in cabinetry adds further convenience.

Outside, the expansive backyard provides plenty of scope for future improvements or landscaping, while the gated driveway ensures secure off-street parking. Located within walking distance to schools, TAFE, cinema, parks, bakery, and pub, and just five minutes from the CBD, this property is perfectly positioned for tenant appeal and long-term growth.

Whether you're a seasoned investor or looking to start your portfolio, 45 Victoria Parade offers a low-maintenance, high-yield asset in a sought-after location.