834 Waterworks Road

The Gap QLD 4061

885 m²

House

Currently for sale - view listing

Overview

$101,400 P/A income potential - build your wealth with this rare investment gem

Offering versatility, strong income potential and an outstanding position opposite Ashgrove Golf Club, this unique three-residence property presents an exciting opportunity for investors, extended families or buyers seeking a home with multiple living options. Set behind a charming Queenslander-inspired façade on a generous 885m² allotment, the property comprises three well-presented residences, each enjoying plenty of natural light and character. The lower level features two self-contained one-bedroom units, each with its own bathroom and open-plan kitchen, living and dining area, with the opportunity to easily add a second bedroom to increase the rental return on both. Upstairs, the larger residence offers three bedrooms, one bathroom, and a separate toilet, a well-appointed kitchen and two separate living areas, with one flowing directly onto the newly added deck. Outside, the expansive leafy backyard provides plenty of shared space to relax and enjoy. For buyers wanting a traditional family home, the property also offers the flexibility to be converted back into a substantial 5 or 6 bedroom intergenerational residence with multiple living areas. The location is equally appealing. Ashgrove Golf Club is directly across the road, while local cafés, dining and everyday conveniences are all close at hand. The Gap Village Shopping Centre is approximately two minutes away by car, public transport is easily accessible and Brisbane CBD is less than 10km away. Potential Rental Income: Unit One $550 - $600 per week Unit Two $550 - $600 per week Main residence $700 - $750 per week Combined potential income $1,800 - 1,950 per week Property Highlights: Unique three-residence investment opportunity on 885m² Positioned directly opposite Ashgrove Golf Club Excellent potential rental return with three separate living arrangements Attractive Queenslander-inspired character Two lower-level one-bedroom, one-bathroom residences Spacious upper-level three-bedroom residence Two separate upstairs living areas plus a new outdoor deck Large, leafy shared backyard Potential to convert back into a five-bedroom family home Approximately two minutes to The Gap Village Shopping Centre Close to cafés, restaurants, public transport and local amenities Less than 10km from Brisbane CBD Disclaimer: The stated P/A income potential is an estimate only and should not be relied upon as a guarantee of actual rental return. Interested parties should conduct their own independent enquiries and seek professional advice before making any decisions based on this figure.