Nothing flash inside or out, but this house on a quarter acre block represents a great investment opportunity. It has an open plan kitchen/living/dining with 2 bedrooms, bathroom, rear outdoor area and recently painted inside and out. Walking distance to town and neat a solid home will be popular with tenants or even a first home buyer looking for a foot in the market.

With a potential rent return of $240-$260 per week, there is plenty of room to improve, and with vacancy rates remaining below 1%, the potential for return is obvious.