Potential Plus on Large Block - Prime Location, Close to City!
This 3 bedroom, 1 bathroom Queenslander, set on a spacious 607sqm block just moments from the CBD, Country Bank Stadium and The Strand, awaits your creative touch. Boasting polished wooden floorboards and high ceilings, this property offers a solid foundation for renovation.
With some TLC and a fresh coat of paint, this house will be transformed into a charming gem. Currently occupied by a tenant on a periodic lease, generating a healthy rental income of $410 per week, imagine the potential returns with a new lease in place. A gross return of approx. 7.1% makes this property an attractive prospect for both seasoned investors and first-time buyers seeking an opportunity to revitalize a home and capitalize on its prime location.
Unlock the true potential of this dwelling and watch your investment flourish.
- Potential to invest and reap the rewards
- Some TLC required and bathroom needs some work
- Fully fenced 607sqm block
- Tenant currently paying $410 per week on periodic lease
- 3 decent size bedrooms
- Large tandem carport providing under cover car accommodation for 2 vehicles
- Front deck (needs some TLC and paint)
- Large tiled kitchen and dining area
- Lounge room with high ceilings
- Bathroom with shower/tub combo
- 2nd toilet
- Laundry and storage area underneath house
- Prime location just minutes from the CBD, Queensland Country Bank Stadium, Flinders Street, Castle Hill, an array of cafes and restaurants and The Strand.
Don't miss out on the chance to secure this affordable block in Railway Estate. Call Catherine to arrange an inspection.
