17 Steven Crescent, Ararat, Vic 3377

An excellent opportunity to secure a well-presented investment property offering immediate rental income, a long-standing tenant and a generous 786m2; allotment with potential for future development (STCA). Currently returning $300 per week, with an estimated market rent of $320-$330 per week, this property provides instant income from settlement and an opportunity to strengthen your investment portfolio.
Well-maintained and offering comfortable living, the home features a welcoming lounge with a near-new gas heater and split-system heating and cooling. The kitchen provides excellent storage, updated vinyl flooring and a gas stove, while the spacious master bedroom includes a built-in robe and the second bedroom is fitted with its own split-system. The neat bathroom offers a shower, with a separate toilet and additional storage adding to the home's practicality. Further improvements include updated rewiring and a gas hot water service.
Outside, the impressive covered entertaining area provides a great space to relax, while the huge north-facing rear yard is securely enclosed with Colorbond fencing and complemented by established gardens. With its substantial allotment, comfortable home and reliable rental income, this is an appealing opportunity for investors, developers (STCA) or those looking to start or expand their property portfolio.