An extremely rare opportunity has arisen to secure a property with strong rental returns in a blue chip location.
'7 Balaclava Rd Earlville' boasts three separate dwellings, offering a diverse and lucrative investment opportunity. Home 1 is a beautifully raised and renovated Queenslander with 3 bedrooms, 3 bathrooms, and ample indoor/outdoor living space. Homes 2 and 3 are modern 10-year-old homes, each with 3 bedrooms, 2 bathrooms, and double garages.
The property presents excellent value, situated on a large 1,062m2 block in a peaceful neighbourhood. Its proximity to Earlville Shopping Hub, schools, childcare, cinemas, and restaurants further enhances its appeal.
Currently, the three houses generate a combined annual rental income of $78,500, with significant potential for increases due to below-market rents.
This is a golden opportunity to acquire a low-maintenance, high-yield investment property in a prime location. I highly recommend arranging an inspection as soon as possible.
**Property Details**
The property boasts three dwellings on a large 1,062m2 block:
Home 1: A beautifully raised and renovated Queenslander offering 3 bedrooms, 3 bathrooms, and indoor/outdoor living spaces upstairs. Downstairs features a home office, bathroom, laundry, outdoor storage, and a double garage.
Homes 2 & 3: Modern 10-year-old homes, each with 3 bedrooms, 2 bathrooms, double garaging, and modern features.
The location is excellent, moments from Earlville Shopping Hub, Our Lady Help Of Christians School, Balaclava Rd Children's Centre Childcare, movie cinemas, and restaurants.
Current Leases & Rental Appraisals
House 1 :
* Current Rent: $550/week
* Lease: 10/06/2024 – 09/06/2025
* Last Increase: 10/06/2024
* Rental Appraisal: $650/week
House 2 :
* Current Rent: $480/week
* Lease: 13/04/2024 – 11/04/2025
* Last Increase: 13/04/2024
* Rental Appraisal: $650/week
House 3 :
* Current Rent: $480/week
* Lease: 23/03/2024 – 21/03/2025
* Last Increase: 23/03/2024
* Rental Appraisal: $650/week
Outgoings
* Water Rates: $650 approx pa
* Council Rates: $9,172 pa
* Insurance: $9,000 approx pa
Investment Highlights
* Current Return: $78,500 p.a.
* Potential rental increase return $100,000 p.a
* Excellent value and potential for increased returns
* Low maintenance property in a peaceful neighbourhood
* Close to all amenities
* Separate water and electricity meters
This is a golden opportunity and inspections are highly recommended.
