2 Wallace St, Swansea NSW 2281

Some properties just work. Not because they're new or shiny, but because they've been loved. Because the people who've lived within their walls have cared for them like their own. 2 Wallace Street, Swansea is one of those rare ones. A property with two homes, two long-term tenants, and one unmistakable sense of pride.

For years, these two neighbours have lived side by side, sharing the same soil, the same sunshine, and a quiet understanding that home is something you nurture.

At the front, a tenant with heart and vision. Technically, it's a two-bedroom home, but she's turned it into so much more. Thoughtful design, clever zoning, and an eye for function have shaped it into four sleeping areas, an oversized lounge, and a separate dining space. The original garage? Reimagined as a retreat, perfect for teenagers or guests. Every inch tells a story of ingenuity and care.

Step inside and you'll feel it. The warmth, the order, the quiet pride of someone who loves where they live. It's a tenancy that behaves like ownership, and that's gold for any investor.

Wander to the rear flat and the story softens into something even more special. Here lives a woman who's been part of this property for 24 years. She's watched the seasons change, tended her gardens, and created a private oasis that feels like a deep exhale. The enclosed veranda catches the afternoon light, and the air hums with calm. You can sense the time, the care, the peace.

Two dwellings, both loved, both immaculate. Each with its own enclosed veranda. A flat, low-maintenance block that's simple to hold, easy to manage, and quietly humming with future potential (STCA).

This is the kind of investment that doesn't keep you up at night. The kind you set, forget, and smile about; because the right people are already in place, looking after it as if it were their own.

And when it comes to location, Swansea does the rest. Surrounded by the coastal energy of Caves Beach, the lakeside beauty of Pelican, the waves at Blacksmiths, and the easy rhythm of everyday living, this pocket keeps tenants anchored and values rising.

Two stories, one opportunity.

Welcome to Wallace Street, where good people meet good property.

Key Features:

• Approved granny flat

• R3 Zoning

• Front home: 2 bedrooms reconfigured into 4 functional zones

• Oversized lounge room

• Bonus flex space for storage, office, or creative use

• Meticulous, house-proud tenants that want to stay

• Enclosed veranda's on both homes

• Flat, low-maintenance block with development potential (STCA)

• Off-street parking for multiple vehicles

• Strong rental history with tenants secured until 2026

• Seamlessly managed by Envoque Property for stress-free investor transition

This isn't just a property. It's a partnership with tenants who treat it like their own and a location poised for growth.

Council rates: $2,686.40 per year.

Water rates: $849.04 + usage.

* Please note Lounge room photos for 2 and 2A have digitally staged furniture.