13 Neelsen Street

Wulguru QLD 4811

769 m²

House

Currently for sale - view listing

Overview

769 sqm with Guaranteed Returns

Perfectly positioned for both immediate cash flow and long-term land banking, this classic Queenslander offers a turnkey solution for savvy portfolios. Ideally located just minutes from key infrastructure, including schools, major retail hubs, and parklands, this property's location is very appealing. • Low-set Queenslander on a 769 sqm block, fully fenced, including additional returns on each side • Durable timber vinyl planking in high-traffic areas • Fully air-conditioned with high ceilings to maximize airflow, a non-negotiable for premium Townsville tenants. • Both bedrooms feature built-in robes, air conditioning, and carpets - Bed 1 is Master-sized, and Bed 2 is Queen-sized • Kitchen is galley style with a pantry, an electric stove, and a refrigerator included • Bathroom is modern with tiled walls, a shower over the tub, a toilet, and a vanity • Fitted with Crimsafe screen doors and security screening for lower insurance risk and tenant peace of mind. • Rear entertaining area, lockable laundry, and carport for one vehicle Lease: • Currently rented at $440 per week until 20 November 2026 • Updated rental appraisal at $460 - $480 per week • Date of last rental increase was 19 December 2025 - With the "last rent increase" clock already ticking toward late 2025, the incoming owner is perfectly positioned to capture the market peak during the next lease renewal. • Council rates - Approx. $4,400 p.a. (Includes water) This is an opportunity to enter the burgeoning Townsville market with this solid home. Please contact Craig on 0400 048 940 for further information.