Firm Price: $235,000
Address: 157 Parry Street, Charleville QLD
This duplex presents a genuine value-add investment opportunity for buyers who understand older housing stock and are prepared to complete essential maintenance in exchange for strong rental upside.
Set on one title, the property comprises two self-contained units, each currently tenanted and generating income, with a documented rental increase scheduled for June 2026.
The Numbers
Current rent: $155 per week per unit
Scheduled rent from June 2026: $250 per week per unit
Future gross potential: $26,000 per annum
Firm asking price reflecting condition and works required
The Opportunity
This property looks like it needs more work than it does and that is where the value lies. A recent building inspection has been completed in June 2025 and is available to buyers, clearly outlining the scope of works required so investors can assess, plan, and price accordingly.
Key Items Identified
*Roof requires screwing, cleaning and repainting
* Some roof battens show water staining
* Restumping required (steel posts showing deterioration at base)
* Windows require re-puttying
* Rear downpipe requires repair
* General external maintenance consistent with the age of the building
Importantly, the property is considered typical for its age and construction, with no unexpected or concealed issues noted beyond what is outlined in the report.
Why This Makes Sense
* Duplex on one title
* Clear pathway to improved yield
* Building report available upfront
* Price reflects condition no guessing
* Strong rental uplift already identified
This is not a turnkey investment. It is a straightforward opportunity for investors seeking equity creation, rental growth, and long-term hold potential in a regional market.
Serious buyers are encouraged to review the building report and make enquiries accordingly.
? Contact Becky Jeisman for further information, access to the report, or to discuss suitability.
