61 Niles Court

Buccan QLD 4207

540 m²

House

Currently for sale - view listing

Overview

Dual-Key Investment | $1,060 Weekly Rent

A near-new dual-key investment, two established rental incomes and an approximate 5.6% gross rental yield at the advertised price of $999,000. Positioned on a generous 540m² corner allotment with no rear neighbours and a peaceful bushland outlook, 61 Niles Court offers an opportunity to secure two income-producing residences on one title. Built in 2023 and currently returning a combined $1,060 per week, the property provides immediate rental income without the construction costs, delays or uncertainty of building from scratch. Investment Highlights: - Price: $999,000 - Combined rental income of $1,060 per week - Approx. 5.6% gross rental yield - Dual-key configuration on one title - Two established rental incomes - Built in 2023 - Generous 540m² corner allotment - Separate entrances and private outdoor areas - No rear neighbours with bushland outlook - Solar power system - Modern, low-maintenance construction Residence One: - 3 bedrooms - 2 bathrooms - Single garage - Currently returning $600 per week Residence Two: - 2 bedrooms - 1 bathroom - Single garage - Currently returning $480 per week Both residences feature contemporary kitchens with stone benchtops, open-plan living, air conditioning, covered outdoor entertaining areas and their own private spaces. Beyond the immediate rental income, the underlying property is a significant part of the appeal. A 2023-built dual-key property on 540m², with a corner position, no rear neighbours and two established tenancies, is a combination that can be costly to reproduce in today's construction market. Located in Bahrs Scrub, the property offers convenient access to local schools, shopping, parks and the M1. With the auction campaign now complete, the owner has revised their expectations and is ready to move forward with a sale. Contact Daniel Lyons for current lease information, rental details or to arrange an inspection.