Dual-Income Investment Opportunity - Corner Block, $930/week Return!

Auction In-Rooms 2/07 @ 5:30PM
Auction will be held at RayWhite Springwood (24/34 Fitzgerald Ave, Springwood)
Register to bid here- https://auctionslive.com/app/bidder-registration/KmEko

Secure immediate cash flow and long-term capital growth with this high-performing investment on a prime, flood-free corner block, directly overlooking a spacious park-perfect for families and active lifestyles. Comprising a main house and a contemporary granny flat, this property generates an impressive combined rental income of $930 per week.

The main house features three generous bedrooms, a centrally located bathroom, a separate toilet, and an open-plan kitchen seamlessly connected to a comfortable living area, creating a practical and appealing environment ideal for attracting and retaining quality tenants.

Enhancing the property's appeal is the self-contained granny flat, just 8 years old, boasting two bedrooms with built-in wardrobes, a modern bathroom, and a spacious open-plan living area. Both properties are thoughtfully separated by a newly installed fence and driveway, ensuring complete privacy and hassle-free property management.

Brick foundation for minimal maintenance and positioned in a highly desirable location, this dual-income investment offers not just immediate financial returns but significant potential for future capital appreciation. Secure, low-risk, and high-yield opportunities of this caliber rarely remain on the market for long.

Key Details:

• Main House: 3 bed, 1 bath, double garage - rented at $510/week
• Granny Flat: 2 bed, 1 bath, self-contained - rented at $420/week
• Gross annual return: $48,360 p.a.
• Flood-free location ensuring tenant security and insurance benefits
• Directly overlooks a spacious park, ideal for kids to play and families to enjoy.
• Both properties are separated by a newly installed fence and driveway, ensuring complete privacy and hassle-free property management.
• Potential to further enhance rental yield

Main House Features:

• Open-plan kitchen, living, and dining
• Three generous bedrooms
• Outdoor entertaining space
• Double garage and ample storage

Granny Flat Features:

• Modern, open-plan design
• Two bedrooms with built-ins
• Fully self-contained with separate access

Location:
Walking distance to Parks
4 minutes to Mabel Park State School
7 minutes to Springwood Mall
10 minutes to John Paul College
8 minutes to Meadowbrook Golf Club
9 minutes to IKEA
13 minutes to Logan Hospital
25 minutes to Brisbane CBD
40 minutes to GoldCoast

Explore the area

School catchments

Mabel Park State School Primary Prep-6 Government 0.79km
Mabel Park State High School Secondary 7-12 Government 1.2km
Kingston State School Primary Prep-6 Government 1.6km
St Paul's School Primary Prep-6 Catholic 1.7km
Woodridge State School Primary Prep-6 Government 1.7km
Groves Christian College Combined Prep-12 Independent 1.8km
Kingston State College Secondary 7-12 Government 2.0km
Kingston Centre for Continuing Secondary Education Secondary Government 2.0km
Harris Fields State School Primary Prep-6 Government 2.0km
Faith Christian School of Distance Education - Daisy Hill Campus Combined Prep-12 Independent 2.1km
Woodridge State High School Secondary 7-12 Government 2.2km
Arethusa College - Springwood Campus Secondary Independent 2.2km
Berrinba East State School Primary Prep-6 Government 2.3km
St John of Kronstadt Academy Primary Independent 2.6km
Groves Christian College - Upper Primary Campus Combined Independent 2.6km
Chatswood Hills State School Primary Prep-6 Government 2.8km
Woodridge North State School Primary Prep-6 Government 2.8km
St Edward the Confessor School Primary Prep-6 Catholic 3.0km
John Paul College Combined Prep-12 Independent 3.2km
Daisy Hill State School Primary Prep-6 Government 3.2km
Faith Christian School of Distance Education - Woodridge Campus Secondary Independent 3.2km
Faith Christian School of Distance Education Combined Independent 3.5km
Ohana College Secondary 7-12 Independent 3.6km
Loganlea State High School Secondary 7-12 Government 3.6km
Springwood State High School Secondary 7-12 Government 4.2km
Marsden State High School Secondary 7-12 Government 4.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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