Welcome to 5 Hipwell Street, a practical brick home that offers comfortable living for someone looking to get into the market as a first home buyer, or an ideal investment opportunity in Port Augusta. Featuring a functional 5 main room layout, this property features 3 good-sized bedrooms and a functional bathroom that provides all the necessary amenities. Built in 1973, this home is a perfect option for first-time home buyers or investors seeking a solid property in a desirable location. You'll appreciate the combination of split system and wall unit air conditioning and ceiling fans that provide year-round comfort. The home is set on a generous corner allotment approximately 865m2, providing ample outdoor space. The garage and carport offer secure off-street parking for multiple vehicles. A rainwater tank in the rear yard is a great addition, and the yards require minimal maintenance, making it a great rental property. For investors, there is a fixed tenancy in place until 19/10/2023 at $260 per week rent, and has had a recent rent appraisal of $260 - $280 per week, offering a return on investment of 6.7% - 7.2% at full purchase price. Located in close proximity to main services, schools, and parks/playgrounds, this property is well-positioned to take advantage of all the conveniences that this area has to offer. If you're looking to get into the market at an affordable price point or looking for a promising investment property, contact Charmaine on 0428 656 181 for more information or inspection! FOR THE INVESTOR Fixed tenancy: 21/10/2022 - 19/10/2023 Rent per week: $260 Rental appraisal: $260 - $280 per week (appraised 3/4/2023) Rent return: 6.7% - 7.2% Land: 865m2 (approx) Year Built: 1973 Equivalent main area: 120m2 Council rates: $2,317.62 p.a.(2022/23) Zoning: Suburban Neighbourhood Easements: Yes Water available: Yes Sewer available: No