Positioned on a generous 822m² allotment in a highly convenient central Bundaberg location, this charming four-bedroom home presents an appealing opportunity for investors seeking a property with strong rental potential, generous land and an excellent position close to everyday amenities.
Currently returning $475 per week, with a rental appraisal of approximately $550 per week, the property offers an attractive income opportunity for the astute investor. The current rent was last increased in 2023, and with the tenancy now up for lease renewal, there is potential for the incoming owner to review the rental return and bring it more closely in line with the current market appraisal. At a purchase price of $550,000, the current rental return represents an approximate 4.49% gross rental yield, increasing to approximately 5.20% gross rental yield if the property achieves the $550 per week rental appraisal. These figures are before property expenses and other holding costs.
With the property now up for lease renewal, this provides an additional opportunity to reassess the rental position from the outset, while retaining the appeal of an established investment with an existing rental history.
Beyond its investment fundamentals, this is a home with plenty of warmth, character and practical family appeal. The low-set clad residence features a durable iron roof, beautiful tongue-and-groove ceilings and walls, and a light-filled interior enhanced by large windows throughout.
As you enter the home, you are welcomed by an inviting open-plan living area, with a separate dining room, lounge room and kitchen creating a comfortable and functional floor plan. Fresh paint throughout, combined with a mix of tiled and carpeted flooring, gives the home a fresh and well-presented feel while retaining its original character.
The renovated kitchen is generously proportioned, offering plenty of cupboard and storage space, good bench space and a large refrigerator recess, making it a practical hub for everyday family living.
Accommodation comprises four generous bedrooms, providing excellent flexibility for families, tenants or those requiring additional rooms for guests, work or hobbies. Ceiling fans feature throughout the bedrooms, while the master bedroom is air-conditioned for additional comfort.
The renovated bathroom is both spacious and functional, featuring a very large shower, vanity and toilet, while a full-size laundry provides further convenience.
Outside, the fully fenced 822m² backyard offers an abundance of space for children, pets, gardening or simply enjoying the outdoors. A single carport provides convenient undercover parking, while a garden shed in the backyard provides handy additional storage.
The central location further strengthens the property's appeal, with primary and secondary schooling options, including state and private schools, within easy reach. Parks, shopping centres, medical facilities, sporting amenities and other everyday conveniences are also readily accessible, while the Bundaberg CBD is only a short distance away.
For investors, the combination of an established tenancy, strong rental potential, generous landholding and central location makes this a property well worth considering. For families, the spacious block, four-bedroom accommodation and character-filled interiors provide a comfortable home with room to grow.
Property Highlights
- Generous 822m² fully fenced allotment
- Four-bedroom low-set clad home
- Strong investment and rental potential
- Currently returning $475 per week
- Rental appraisal of approximately $550 per week
- Rent last increased in 2023
- Currently up for lease renewal
- Approx. 4.49% gross yield at $475 per week and $550,000 purchase price
- Approx. 5.20% gross yield at $550 per week and $550,000 purchase price
- Renovated kitchen with excellent cupboard and storage space
- Good-sized refrigerator recess
- Renovated bathroom with oversized shower, vanity and toilet
- Open-plan living with separate dining and lounge areas
- Fresh paint throughout
- Combination of tiled and carpeted flooring
- Beautiful tongue-and-groove ceilings and walls
- Large windows providing an abundance of natural light
- Ceiling fans throughout bedrooms
- Air-conditioning to master bedroom
- Full-size laundry
- Single carport
- Garden shed
- Fully fenced backyard
- Excellent space for children and pets
- Convenient central Bundaberg position
- Close to schools, shopping, parks and essential amenities
Whether you're looking to strengthen your property portfolio or secure a spacious family home in a well-connected central location, this property offers a compelling combination of rental potential, generous land, character and everyday convenience.
