3/374 Severin Street

Parramatta Park QLD 4870

45 m²

46 m²

Unit

Currently for sale - view listing

Overview

Occupy or Set & Forget Investment with Immediate Upside

Positioned in the highly convenient city fringe suburb of Parramatta Park, this low-maintenance 1-bedroom unit presents an outstanding opportunity for owner occupiers or savvy investors looking to secure a property with immediate rental growth potential. Currently tenanted, with the lease ending 1 June 2026, this property offers the perfect transition into your new home or a higher-yielding asset. With a current rental appraisal of $410 - $430 per week, the next tenancy allows for an instant increase in return-making, this an ideal "buy now, benefit immediately" investment. The layout is practical and easy-care, appealing to a broad buyer pool, while the location places you just minutes from the Cairns CBD, local amenities, and public transport-ensuring ongoing demand. Why this property stands out: - Strong rental appraisal with upside from day one of new tenancy - Lease ending soon, giving flexibility to occupy or reset rent immediately - Low-maintenance, easy-to-let 1-bedroom configuration - Close proximity to the CBD, making it highly attractive - Ideal for investors, first home buyers, or downsizers seeking simplicity Body Corporate Fees: Approx $4,720pa Council Rates: Approx $3,200pa Whether you're looking to expand your portfolio with a reliable performer or secure a compact property in a high-demand location, this is an opportunity that ticks all the right boxes. **Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavor to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.