For Sale

coast2country Property Services - Metro & Surrounds

31 East Terrace, Meningie, SA 5264

$445,000

House

Type

Bedrooms

Bathrooms

Parkings

742 m²

Area

Published on Tuesday, September 08, 2026 ( See property details for 31 East Terrace, Meningie, SA 5264)

$445,000

Marelle Hoad Sales Consultant / Property Manager

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

An exceptional investment opportunity featuring two separate, tenanted 3-bedroom homes with flexible living and income options in Meningie.

🏡 Property Highlights

Dual 3-bedroom homes offering flexible living options
Currently tenanted with a combined rental income of approximately $460 per week
Enclosed yards providing private outdoor space for each residence
Potential for live-in and rental income stream simultaneously
Investment opportunity with two separate income-generating properties
Located in the desirable suburb of Meningie with easy access to local amenities

✨ Key Features

Enclosed yards
Separate homes with their own living arrangements
Pet-Friendly
Built in robes
Open-Plan Living
Water tank
Fully fenced
Waterfront / Views
Security Screens / Gates
Low-Maintenance Yard

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31 East Terrace

Meningie, SA 5264

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Suburb and Property Insights of Meningie, SA 5264

Meningie is a vibrant lakeside town offering a relaxed lifestyle with scenic views, excellent local amenities, and strong community spirit. Its strategic location provides easy access to outdoor recreation, making it ideal for both investors and families. The area boasts a growing property market with diverse housing options and consistent rental demand. Meningie’s friendly atmosphere and natural beauty make it a highly desirable place to live and invest. Convenient transport links and local services further enhance its appeal.

Frequently Asked Questions

What are the current rental yields for these properties?

The combined rental income from both properties is approximately $460 per week, offering a solid return for investors.

Can I live in one home and rent out the other?

Yes, the properties offer the flexibility to reside in one while generating rental income from the other.

Are there any recent renovations or upgrades?

The listing does not specify recent renovations; potential buyers should inspect to assess the condition and any upgrades.

What is the zoning and development potential of the property?

Details regarding zoning and development potential are not provided; prospective buyers should consult local council for planning regulations.

Are there any restrictions or covenants on the properties?

The listing does not mention any restrictions; buyers should verify with relevant authorities or strata if applicable.

What to ask about this property to agent?

Are there any hidden costs or ongoing maintenance fees associated with the properties? Have the properties been inspected for structural issues or pests? Are there any planned developments or construction nearby that could affect the property? Is there any history of flooding or bushfire risk in the area? What are the terms of the current tenancy agreements, and are they fixed or periodic? Are there any easements or zoning restrictions that could impact future use? Has the property been compliant with all local building codes and regulations? Are there any upcoming council or community plans that could influence property value? What are the conditions of the current leases, and when are they due for renewal? Is there any strata or body corporate involved, and what are the associated fees?

31 East Terrace, Meningie, SA 5264 - More Details

$445,000

Calling all investors! This is a fantastic opportunity to secure two separate 3-bedroom homes at 31A & 31B East Terrace, Meningie.

Both properties are currently tenanted, providing a combined rental return of approximately $460 per week, making this an attractive addition to any investment portfolio.

Each home offers:

• 3 Bedrooms
• Enclosed yards
• Separate homes with their own living arrangements
• Current rental income from both properties

Looking for a home with an income stream? There’s also the option to live in one property while continuing to receive rental income from the other.

Opportunities to purchase two homes together don’t come along often, making this one well worth a closer look.

Whether you’re an investor looking to expand your portfolio or a buyer wanting to live in one and rent the other, this property offers flexibility and plenty of potential.

Contact Marelle Hoad on 0403443397 today to arrange your inspection and explore the possibilities.

While every endeavor has been made to verify the correct details in this publication, particulars given are for general information only and do not constitute any representation on the part of either the Agent nor the Vendor, and neither accepts liability for any error or omission. RLA 231959

Type: House
Bedrooms: 6
Bathrooms: 2
Parkings: 4
Area: 742 m²

Map & nearby places — 31 East Terrace, Meningie, SA 5264

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