5 Banksia Street

Point Vernon QLD 4655

135 m²

908 m²

House

Currently for sale - view listing

Overview

Coastal Investment on 908m just steps from the Esplanade

Positioned just moments from the Esplanade in the highly sought-after seaside suburb of Point Vernon, this charming property offers an exceptional opportunity to secure a large coastal block with immediate income and future potential. Set on a generous 908m² block with side access, the property features a solid 135m2 2-bedroom brick home that has benefited from recent updates, creating a comfortable and low-maintenance residence close to the water. Inside, the home offers a light-filled open plan living and dining area with air-conditioning, a recently renovated kitchen and laundry, and two spacious bedrooms complete with built-in wardrobes. New window furnishings, updated lighting, and modern improvements add to the home's overall appeal. Adding further versatility is the renovated and air-conditioned 44m2 rear retreat, providing the perfect space for a studio, home office, guest accommodation, or additional living area. The property is currently tenanted on a periodic basis at $590 per week, making it an attractive option for investors seeking immediate rental income while securing a well-positioned coastal asset. The renewal rent appraisal guidance is $650-$680 per week. With Esplanade views, generous land size, and close proximity to the waterfront, properties in this location are tightly held and increasingly sought after. Property Highlights - Solid 2-bedroom brick home with built-in wardrobes - Renovated kitchen and laundry - Open plan lounge and dining with air-conditioning - New window furnishings throughout - Updated lighting and electrical improvements - Renovated and air-conditioned rear retreat/studio - Large 908m² block with side access - Steps from the Esplanade with water views - Currently leased periodically at $590 per week - Potential to increase rent at lease renewal to $650-$680 per week Whether you're looking for a coastal investment, land bank opportunity, or future lifestyle property, this is a rare chance to secure a prime position in Point Vernon. Contact Selling Agent Shane Bradbury from Active Agents today for further information. DISCLAIMER: All information provided has been compiled with care, but relies on third-party sources and is not guaranteed. Active Agents makes no warranty as to its accuracy or completeness. Property boundaries shown are indicative only-refer to official survey plans for precise details. Images are for illustrative purposes. Buyers are advised to conduct their own investigations and seek independent advice.