27 Ramsey Drive
Kanimbla, QLD 4870

Overview

Value-Add Investment Opportunity in Sought After Area

This property at 27 Ramsey Drive, Kanimbla presents a valuable opportunity for investors aiming to renovate and enhance the value of their investment. Situated on a fully fenced 801 square meter block, the home enjoys a leafy backdrop and scenic mountain views, providing a tranquil setting.

The residence features three spacious bedrooms, each fitted with built-in robes that offer generous storage solutions. The bathroom is designed with functionality in mind and includes an additional separate toilet for convenience.

While the home is comfortable in its current state, it offers significant potential for renovation, allowing for improvements that can increase rental income or resale value. The kitchen is practical and equipped with ample storage space, complemented by air-conditioning and ceiling fans throughout the home to ensure comfort.

Outdoor living is enhanced by a large covered patio that overlooks the expansive backyard, providing ample space for further enhancements, extensions, or additional features subject to council approval. The property also includes a garden shed and established trees, adding to the outdoor appeal.

Key highlights of this property include:

• An ideal renovation project to increase equity
• Large bedrooms with built-in wardrobes and security screens
• Open-plan living areas with abundant natural light
• Recently painted interiors
• Covered outdoor area and spacious backyard
• Single open lock-up garage plus additional parking space
• Quiet location close to schools, shops, and amenities

For investors, the property is currently leased to long-term tenants with a rental income of $560 per week until the lease ends on 13 October 2026. The estimated rental return after improvements is between $620 and $650 per week.

This home is situated in a peaceful neighborhood while being conveniently close to local amenities, schools, and parks. The single garage and additional off-street parking provide ample space for vehicles.

This opportunity is well-suited for investors seeking a project with potential upside in a desirable location.

Disclaimer: The information provided is believed to be reliable but is not guaranteed. Prospective buyers should conduct their own investigations to verify all details.

Location