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1 & 3/5 Ethel Street, Forestville, SA 5035

Best Offers by April 15

Unit

Type

Bedrooms

Bathrooms

Parkings

290 m²

Area

Last updated on Monday, July 06, 2026 ( See property details for 1 & 3/5 Ethel Street, Forestville, SA 5035)

Best Offers by April 15

Jo Lerche Sales Partner

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Brandon O'Connell Sales Partner

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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.

Stylish, low-maintenance dual-unit property in Forestville offering excellent investment returns and modern living spaces.

🏡 Property Highlights

Dual-unit investment opportunity with high rental returns of $39,000 and $68,000 annually
Self-managed units with no strata fees, offering hassle-free ownership
Prime location in tightly held Forestville, close to shops, cafes, and green spaces
Modern, Vogue-styled interiors with seamless open-plan living and natural light
Spacious three-bedroom homette with large yard, perfect for families or pets
Excellent investment potential with fully furnished options and high occupancy rates

✨ Key Features

Open-Plan Living
Built-in Robes
Ceiling Fans
Waterfront / Views
Outdoor Area
Outdoor Area / Balcony
Security Screens / Gates
Fly Screens
Home Office / Study Nook
Shed

Suburb and Property Insights of Forestville, SA 5035

Forestville is a highly sought-after suburb known for its convenient location, vibrant local amenities, and green spaces. Residents enjoy easy access to shops, cafes, and parks, making it ideal for families, downsizers, and investors seeking a relaxed yet connected lifestyle. The area boasts a strong community feel with well-maintained streets and a peaceful atmosphere. Proximity to Goodwood and King William Road ensures a lively social scene and diverse dining options. The neighbourhood offers excellent walkability and public transport options, making it a highly desirable place to live and invest.

Frequently Asked Questions

What are the current rental yields for these units?

The current rental yields are approximately $39,000 for Unit 1 and $68,000 for Unit 3 annually, based on last financial year's figures.

Are the units furnished and move-in ready?

Yes, both units are fully furnished with Vogue-styled interiors, making them move-in ready or ideal for short-term rentals like Airbnb.

What are the key features of the modern kitchen?

The kitchens feature gas cooktops, Bosch dishwashers, ample bench and cupboard space, and modern appliances.

Is there ducted air conditioning?

Yes, Unit 3 is equipped with ducted reverse cycle air conditioning for year-round comfort.

What outdoor spaces are available for entertaining?

Unit 3 offers a private backyard with beautiful decking and an alfresco area, perfect for entertaining. Unit 1 has paved courtyards for relaxing or socialising.

What to ask about this property to agent?

Are there any upcoming planning or development applications in the area that could affect the property's value or privacy? What are the total ongoing costs, including council rates, utilities, and maintenance for each unit? Are there any existing or past issues with flooding, bushfire risk, or environmental hazards in the area? Is there any history of disputes or issues related to the self-managed status of the units? Are there any restrictions or easements on the land that could impact future renovations or extensions? What is the condition of the roof, plumbing, and electrical systems, and are any repairs or upgrades needed? Are there any planned infrastructure projects or nearby construction that could cause noise or disruption? Is the property compliant with all local building codes and regulations, including the updated kitchen and air conditioning systems? What are the terms of the sale regarding the fully furnished options, and are there any additional costs? Are there any strata or community management arrangements affecting the property, despite being self-managed?

1 & 3/5 Ethel Street, Forestville, SA 5035 - More Details

Best Offers by April 15

Best Offers by April 15th at 12 PM (Unless Sold Prior), For Sale Separately

Two units for sale: Unit 1 is a two-bedroom, and Unit 3 is more like a homette—a spacious three-bedroom with a large yard on 290 sqm of land.

Self-managed, so no strata fees!

Currently used for Airbnb, the return on Unit 1 is $39,000 and Unit 3 $68,000 (last financial year), making this a great investment opportunity. You can purchase fully furnished, as both have been Vogue-styled and designed, or simply move in, sit back, and enjoy the comfort and lifestyle.

Nestled in the heart of tightly held Forestville, these charming units are a real find. Whether you're a first homebuyer, downsizer, or investor, these properties ticks all the right boxes for hassle-free living. Built in the classic 1970s style, these neat and tidy units are part of a small group of three, offering both privacy and a sense of community.

For those with busy schedules, the lock-and-leave convenience is a huge plus. Each unit comes with an allocated car park for peace of mind. When it's time to venture out, you'll love the proximity to vibrant Goodwood and King William Road—just a short stroll to shops, restaurants, and cafés, perfect for brunch or a quick catch-up. If you enjoy green spaces, the local park at the end of the street offers a breath of fresh air whenever needed.

Don't miss this opportunity to own a slice of Forestville, where convenience meets comfort. Whether you're starting a new chapter or looking to simplify, these units are an ideal choice.

Unit 3

This homette is absolutely stunning. From the moment you open the door, you'll fall in love with the natural light, large windows, and garden views from each room, along with seamless floating floors and open-plan living flowing from the living to dining to kitchen.

The modern updated kitchen offers plenty of bench and cupboard space, a gas cooktop, and Bosch dishwasher. The private backyard is a true wow factor, with beautiful decking that opens onto a stunning alfresco area—perfect for entertaining friends and family year-round.

Three spacious bedrooms, with the master and second bedroom featuring built-in robes and ceiling fans.

What we love!

- Styled, stunning, and spacious—more like a house
- Three bedrooms; main and second with fans and BIRs, third with storage
- Amazing, landscaped gardens and entertaining area, plus garden shed and plenty of room for kids and pets
- Ducted reverse cycle air conditioning
- Separate laundry with storage
- Undercover carport with extra car spaces
- Alpha ESS 20kwh battery system

Unit 1

Venture inside to discover timber-look floors flowing through the living areas, with large windows filling the space with natural light. The kitchen features a gas cooktop and ample cupboard space, making meal prep a breeze.

The two generously sized bedrooms offer comfort and space. Private courtyards at the front and rear are perfect for a quiet morning coffee or evening wind-down. Low-maintenance landscaped gardens require minimal upkeep.

What we love!

- Spacious open-plan living with timber-look floors; carpet in bedrooms
- Spacious master bedroom with built-in robes and ceiling fan
- Light and bright throughout
- Split systems in bedrooms and living area
- Modern kitchen with gas cooktop, electric oven, and ample storage
- Separate laundry and garden shed for extra storage (bikes, golf clubs, etc.)
- Low-maintenance garden with a beautiful, paved courtyard for relaxing or entertaining
- One carport with extra car spaces
- Alpha ESS 20kwh battery system

Unit 3

Year Built / 1974
Land Size / 290 sqm approx
Council / City of Unley
Title / Strata – No strata fees (self-managed)

Unit 1

Year Built / 1974
Land Size / 100 sqm aprrox
Council / City of Unley
Title / Strata – No strata fees (self-managed)

Please call Jo Lerche for further details on 0413 113 398.

Speak to TURNER Property Management about managing this property
#expectmore
RLA 62639

Type: Unit
Bedrooms: 3
Bathrooms: 1
Parkings: 2
Area: 290 m²

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Jo Lerche

Brandon O'Connell

1 & 3/5 Ethel Street, Forestville, SA 5035

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