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Welcome to 15 Phillips Avenue, Atherton QLD 4883 an outstanding elevated dual-living residence offering space, versatility, strong rental return, and beautiful mountain views, all in a highly convenient location within walking distance to both primary and high schools.
Set on a generous 890m² block, this impressive two-storey home has been thoughtfully designed to accommodate flexible living arrangements, making it ideal for extended families, multigenerational living, or investors seeking a high-performing dual-income property.
Importantly, the property has two active leases currently in place, providing immediate rental income. The new owner has the option to continue the existing tenancies or, if preferred, the property can be made available with vacant possession upon sale (Leases end September the 5th, 2026).
A key feature of this home is its elevated position, capturing excellent views and cooling breezes that enhance both comfort and lifestyle. The property also benefits from no overlays, providing greater flexibility and peace of mind for future use and planning.
The upstairs residence forms the main family living area and features polished timber floors, adding warmth and character throughout. It includes three bedrooms, a dedicated office, and spacious open-plan kitchen, dining, and living zones. The well-appointed kitchen features a quality SMEG gas cooker, dishwasher, and generous bench space, making it ideal for everyday living and entertaining.
The main living area is climate-controlled with air conditioning and complemented by a wood heater, ensuring year-round comfort. Large windows and the elevated position allow natural light to fill the home while capturing scenic outlooks. A spacious balcony extends the living area outdoors, providing the perfect setting to relax or entertain while enjoying views towards the distant mountains.
Downstairs offers a fully self-contained living area with tiled floors throughout for durability and low maintenance. It includes two bedrooms, a second lounge, kitchen facilities, laundry, and a separate electricity meter. The lower level can be securely separated from the upstairs residence, creating genuine dual-living capability. This flexible space is ideal for extended family, guests, independent living, or continued rental income.
Outdoors, the property continues to impress with a covered patio area for entertaining, established gardens, and a productive selection of fruit trees including avocado, lemon, orange, mandarin, and banana, adding a wonderful lifestyle element.
Practical features include covered accommodation for four vehicles, an integrated workshop, and substantial under-house storage. Solar panels further enhance energy efficiency and help reduce ongoing electricity costs.
With its elevated position, dual-living design, quality finishes, active tenancy arrangements, excellent school proximity, and absence of overlays, this property presents a rare and highly versatile opportunity.
Whether as a family home, investment property, or multigenerational residence, 15 Phillips Avenue delivers space, independence, and long-term value in one complete package.
A lifestyle property with income, flexibility, and future potential in a premium elevated position.
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.
