House SELLING on Pitcairn Street
$700PW RENTAL APPRAISAL = POTENTIAL 5.8%+ RENTAL YIELD
• WELL-MAINTAINED DUPLEX IN A SUBURB BOASTING ~0.5% VACANCY RATE
• CURRENT RENTAL YIELD OF $620 PER WEEK (APPRAISAL UP TO $700PW)
• FOUR BEDROOMS, ALL WITH BIR + CEILING FANS
• COMBINED LIVING/DINING AREAS WITH FANS (UNIT 2 WITH A/C)
• GOOD-SIZED KITCHENS WITH PLENTY OF STORAGE SPACE
• GENEROUS REAR YARDS ON EACH SIDE
• CLOSE TO SCHOOLS, SHOPS, PUBLIC TRANSPORT, HIGHWAY, IPSWICH CBD
• RATES = $952.85/QTR; QUU = $457.65/QTR + USAGE
This duplex boasts a current rental yield of $620 per week (with a rental appraisal for each unit of up to $350pw), in an area that has long demonstrated outstanding rental returns and low vacancy rates. Here is a property with long term tenants in place and large range of amenities (including Ipswich CBD) in close proximity, which would be a great addition to any portfolio.
Each side of the duplex comes with two bedrooms, both of which are a good size and feature built-in wardrobes and ceiling fans. The master bedroom accesses the two-way bathroom where you will find a separate bathtub and shower, with the toilet located separately adjacent to the laundry.
The main living/dining space is a good size and is equipped with a ceiling fan (in unit two, there is also a split system air conditioner), and you will find that the kitchen has an abundance of storage space including overhead cabinetry and a double-door pantry.
Each side has a surprisingly generous rear yard, with unit one having lovely established trees and unit two having an open grassy space that is perfect for children and pets. Not only that, but the property is also bound on two sides by Pitcairn Park and only has one adjoining neighbour – so there is plenty of green space on offer here.
Located in the sought-after suburb of Raceview, this duplex offers easy access to a range of amenities. Within a few minutes’ drive, you’ll find both the Raceview Shopping Centre and Silkstone Village, where you can stock up on groceries, grab a coffee or enjoy a meal at a variety of eateries and cafes. The area is also home to a range of schools, parks, and sporting facilities. Numerous bus stops are conveniently located within walking distance of the property and the nearby Ipswich Motorway provides easy access to both Brisbane and the Gold Coast.
Rates – $952.85 per quarter
Urban Utilities – $457.65 per quarter, plus water usage
Unit 1 – Rented $300pw until Jul 2023 (appraised at up to $350pw)
Unit 2 – Rented $320pw until Jul 2023 (appraised at up to $350pw)
With everything taken into account, the decision to add this outstanding duplex to your property portfolio just makes sense. Contact the listing agent today for more information or to arrange a private inspection.
- 4 bed
- 2 bath
- 2 Parking Spaces
- Land is 800 m²
- 2 Carport
- House House Category