This property has been priced to sell fast, and if development excites you, this will be right up your alley.

Located in North East Valley, only a short walk from the Gardens shopping centre, and the University campus, the property is prime for student rental returns year on year and is rented for $720 per for 2026.

The flat consists of 3 large bedrooms and 1 medium bedroom, an open plan living area & kitchen, bathroom + separate shower room. Equipped with two heat pumps, the property has been recently renovated with new paint and carpet throughout. The front verandah and patio area is great for soaking up the afternoon sun.

This 1,290m2 site has a 4-bedroom flat at front right of the section, with the back section raring for development. Zoning rules allow for 1 bedroom per 100m2 so up to 8-9 more bedrooms can be built (subject to DCC consent). The ability to earn rental income while developing is one of the many positives that this property has to offer.

At this price (6.9% return on the 2026 rent), very little value has been allocated to the rest of the section, so you're basically getting the land for free, and with a great margin on return, this will be popular!