This refreshed townhouse presents an exceptional opportunity for investors seeking strong cash flow from day one.
Currently returning $470 per week in rent, with a current rental appraisal of $475-$485 per week, the property is already delivering an attractive gross yield of approximately 6%, making it a standout option for investors focused on both income and long-term growth.
One of the property's most compelling features is the additional tiled and air-conditioned downstairs living area. While currently utilised as a second living space, home office, or media room, investors may wish to explore the potential of converting this area into a third bedroom (subject to council approval and compliance requirements). This presents an exciting opportunity to add value and potentially position the property within the higher-value three-bedroom market segment in the future.
Property Highlights:
Spacious three level townhouse offering flexible living options
Additional tiled and air-conditioned downstairs living area with future value-add potential
New split-system air conditioning servicing the main living area, master bedroom and downstairs living zone
Open-plan living and dining area flowing to a private balcony
Private rear courtyard providing additional outdoor space
Two well-sized bedrooms positioned on the upper level
Lock-up garage with internal access
Low-maintenance design.
Investment Highlights:
Currently rented at $470 per week
Rental appraisal of $475-$485 per week
Strong gross yield of approximately 6%
Body Corporate: Approximately $4,240 per annum
Council Rates: Approximately $3,391 per annum (after discount)
With recent improvements already completed, investors can benefit from immediate rental income without the need for further expenditure.
The combination of strong existing returns, affordable holding costs, and the potential to further enhance the property's value makes this a compelling investment opportunity.
Whether you're looking to strengthen your portfolio with a reliable income-producing asset or secure a property with future upside, this townhouse offers a rare combination of yield, flexibility, and growth potential.
Ready to explore this investment opportunity?
Contact Viona today and let's Explore Property together.
Disclaimer - Explore Property Gladstone
Explore Property Gladstone and the seller have taken care to ensure the information provided is accurate at the time of publication. No warranty is given, and we accept no liability for any errors, omissions or inaccuracies. Images may show selected aspects of the property and can include digital enhancements or virtual staging for presentation purposes only. They should not be relied upon as an exact representation of the property's current condition, layout, scale or suitability. All measurements, areas, boundaries and figures are approximate. Interested parties should conduct their own inspections, investigations and independent legal and financial enquiries to verify all details before entering into a contract
