16 Francis Street, Bedford Park SA 5042

Sitting just across the road from one of South Australia's and Australia's most highly regarded public and private medical center's, being the Flinders Medical Centre and University, this home has been well configured for student accommodation.

Students love the location as it allows them to walk to work and study without the need for bus or car travel.

All tenants have signed room rental agreements for 2023 and the owners have a waiting list for rooms should they become available. These agreements are available for inspection with the agent.

It is well documented the short supply of rental accommodation, so this home in this location is in high demand for both students and qualified professionals.

Showing high returns over many years, it currently houses 8 tenants with a waiting list if required.

The good blend of international and local students generally stay for a minimum of 12 months as part of their study year but many are in situ for 3 and 4 years as they complete all their studies and then continue on as they start their professional careers.

The rental return per week for 2021/22 financial year was $1335 being approx $69,420 per annum
The home itself was built in 1962 and sits on a good size allotment of approx 680 sqm of land.
The property has magnificent views towards the ocean from the rear yard and has potential for upgrades over time.
Sitting high on the hill, there is potential to build a 2 story home that would offer city lights across the plains to the a wide ocean view.

If you are on the lookout for an investment property to add to your portfolio or perhaps a home with holding income, this home is worth your inspection

The price expectation is in keeping with the local housing market but the return on investment is very high