Luxury home with immediate returns just listed in Red Hill

Nestled in the prestigious suburb of Red Hill, the striking four-bedroom residence at 18 Pelsart Street presents a rare investment opportunity for those seeking both luxury and financial security.

The beautifully designed home is leased until early 2026 and offers a solid rental income set to increase to $93,600 per annum – $1800 per week.

Priced at $2.8 million, this property provides steady financial benefits and offers future potential for owner-occupiers looking to move into one of Canberra’s most sought-after neighbourhoods.

Steve Lowe of Agent Team said the property’s prime location in one of Red Hill’s most desirable areas would attract a growing family looking to eventually move into one of Canberra’s best locations with a line-up of leading schools nearby.

“It’s a unique property and will suit a buyer who is planning for the future,” he said. “It also benefits from a high-quality tenant and solid income in the short term.

“The vendor wanted to sell but also ensure security for the current tenants, so it presents a stable and appealing investment.”

The luxurious and expansive residence features an open-plan layout designed for both family living and entertaining.

The kitchen boasts top-tier Miele appliances, Caesarstone benchtops, and a butler’s pantry.

The main-bedroom suite is a private retreat with a walk-in wardrobe, pristine en suite, and serene views of the pool. Additional features include a second living area, American white oak floorboards, and an outdoor entertainment space with a built-in barbecue.

The home is located near Red Hill shops, nature reserves, Canberra Hospital and other Inner South landmarks.

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