7 McPhail Street

Off Market

7 McPhail Street

Zillmere QLD 4034

404 m²

Block of units

Last sold for $1,430,000

Noah Campbell, last sold this property on 22 November 2025 after 11 days on market.

Overview

Brand New, High Quality and Turnkey Rooming House Offering 7.5% Gross Yield

This brand new, high-quality rooming house presents an outstanding opportunity on a low maintenance 404m² block. Purposefully designed to attract and quality reliable tenants, the property offers a rental return of $2,060 per week ($107,020 per annum), delivering an impressive 7.5% gross yield. Each room functions as a fully self-contained one-bedroom unit, complete with a bedroom, living area, kitchenette, bathroom, and air conditioning. Tenants also have access to a shared kitchen with an oven, cooktop, rangehood, and sink, as well as a laundry area featuring two washing machines, overhead storage, and a large sink. Perfectly positioned within walking distance to key amenities: * The property's location is ideal, offering a range of transport options for tenants, including multiple bus stops within a one-minute walk and Zillmere train station just a five-minute drive away. * Taigum Square offers a variety of shops, including Woolworths, dine-in and takeaway restaurants, pharmacies, and health services, all just a short 350m walk away. What is a Rooming House and why Brisbane? Rooming Houses are a relatively new, but increasingly popular concept in Brisbane. Around 3% of the rental market in Brisbane are Rooming Houses. They can be found across many Brisbane suburbs and usually contain 5 micro apartments that can be leased out individually (single occupants only), generally on either 6 or 12 month leases. The houses are generally custom built with each of the 5 suites containing its own living area, kitchenette, bathroom and bedroom. The suites are typically fully furnished and include all services (electricity, internet and water usage) in the rent. Typically, young professional or older separated people are the main occupants. A number of rooming houses have been constructed over the last 5 years and their popularity is a result of their high yielding, low risk offering. Most rooming houses generate significantly more income than their outgoings resulting in around $20k - $35k of s cash flow. Finished Rooming Houses rarely hit the market, due to the shortage of affordable land in Brisbane, coupled with the fact that most investors retain them for the positive cash flow they generate.

Features

5 bedrooms

5 bathrooms

1 carspace

404 m² lot size

Block of units

Estimated Value

We need at least 3 similar 5 bedroom block of units sold in Zillmere over the last 12 months.

Property history for 7 McPhail Street

2025

Sold

$1,430,000

Private Sale/Treaty on 22 Nov 2025 by Noah Campbell, of Your Style Homes

2025

Rented

Undisclosed

Leased on 17 Nov 2025 by Your Style Homes

2023

Sold

$525,000

20 Apr 2023 by Andrew King, of Ray White One Group | Aspley

Happy sellers in Zillmere

88%

88% of sellers in Zillmere reported that their sale price either exceeded or met their price expectations.

Zillmere stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 28 reviews in Zillmere over the last 12 months.

Local market activity for 5 bedroom block of units in Zillmere

In the last 12 months, 1 five-bedroom block of units similar to 7 McPhail Street, have been sold.

This represents a 100% decrease in five-bedroom block of units sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

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Nearby agents

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