168 Lake Albert Road, Kooringal NSW 2650

Tenanted house | three living zones | 690sqm block | Kooringal school catchment | immediate income The property’s strongest buying case lies in its combination of immediate rental income and a functional floorplan that appeals to both investors and families. The three distinct living areas, including a front family room and rear rumpus, provide genuine versatility rare in a standard three-bedroom house at this price point. With a lease secured until late 2026 at $500 per week, an investor gains income certainty from settlement, while an owner-occupier inherits a well-maintained home with modern finishes and low-maintenance grounds. The 690sqm block in a predominantly owner-occupied street adds long-term land value without requiring immediate capital outlay. The main risk is the asking price sitting near the top of estimated market value, which compresses gross yield to approximately 3.8 percent and leaves limited short-term equity upside. The single car space underutilises the block size, and the property offers no major renovation arbitrage given its updated condition. For a buyer seeking moderate yield with tenant security in an established suburb, this house works well; for those chasing high rental returns or value-add potential, it may underwhelm. The absence of flood or heritage constraints is a neutral positive for straightforward holding costs.