22 Waranga Avenue

Seize a rare investment opportunity at 22 Waranga Avenue, Mount Austin, where historical charm meets modern, high-yield functionality. Established in 1890, the Mount Austin Homestead held singular importance as the only structure on its expansive estate, then part of a working dairy farm. This historical significance was formally recognised when the property was subdivided in 1948, leading to the entire suburb being named in its honor: Mount Austin. Comprising four separate residences, this unique offering provides exceptional flexibility. The property features the spacious and versatile Mount Austin Homestead, alongside two newer, fully self-contained two-bedroom units. This configuration allows for adaptable living arrangements: it can operate as four independent, self-contained units, each designed for privacy and autonomy, or the two Homestead units can be effortlessly combined to create a single, expansive five-bedroom home, ideal for integrated living or increased on-site support. Recently updated and currently secured by a long-standing tenant (in place for four years), this property presents a proven, high-performing investment. Enjoy strong rental yields and the option of a long-term leaseback, offering a genuine "set-and-forget" opportunity in a thriving regional market. For the astute buyer, this is an investment poised to deliver solid returns and a strategic foothold in a resilient sector. KEY PROPERTY FEATURES: FLEXIBLE ACCOMMODATION: Four independent residences Mount Austin Homestead: Offering a spacious and adaptable layout. Two self-contained 2-bedroom units: Secure and private. Seamless transformation: Ability to combine Homestead units into a large 5-bedroom home, catering to varied rental models and needs. LIVING & KITCHEN AREAS: Combined lounge/dining areas in units for comfortable living. Spacious wide hallways and high ceilings contribute to an open feel. Two traditional kitchens in the Homestead, complementing the property's character. Two well laid out kitchens in the self-contained units for modern convenience. BEDROOMS & BATHROOMS: A total of nine bedrooms across the four residences. Homestead: Two bathrooms with showers and two separate toilets. Self-contained units: Each features a bathroom with a shower and toilet. CLIMATE CONTROL: New split system air conditioning installed throughout all four units ensures year-round comfort. Ceiling fans for enhanced air circulation. STORAGE & VEHICLE ACCOMMODATION: Generous four-car carport provides immediate, protected access. An extraordinary, multi-purpose outdoor expanse is capable of securely hosting four+ additional vehicles, ensuring ample parking for residents, and visitors. LAND SIZE: 1486 m2 LAND RATES: $5,383 pa All information provided has been obtained from sources believed to be reliable; however, no guarantee is made as to its accuracy. Interested parties should rely on their own independent enquiries. Images may have been digitally enhanced for marketing purposes.