3/374 Severin Street
Parramatta Park, QLD 4870

Overview

Occupy or Set & Forget Investment with Immediate Upside

Positioned in the highly convenient city fringe suburb of Parramatta Park, this low-maintenance one-bedroom unit offers an excellent opportunity for owner occupiers or investors seeking immediate rental growth potential.

The property is currently tenanted with a lease ending on 1 June 2026, providing a seamless transition for new owners either to occupy or to benefit from a higher-yielding asset. The current rental appraisal ranges between $410 and $430 per week, allowing for an instant increase in rental return upon the next tenancy. This makes it an ideal investment for those looking to buy now and benefit immediately.

The unit features a practical and easy-care layout that appeals to a broad range of buyers. Its location is just minutes from the Cairns Central Business District, local amenities, and public transport, ensuring ongoing demand and convenience.

Key features of this property include:

• Strong rental appraisal with potential for increased returns from the start of a new tenancy
• Lease ending soon, offering flexibility to occupy or adjust rent immediately
• Low-maintenance, easy-to-let one-bedroom configuration
• Close proximity to the CBD, enhancing its attractiveness
• Suitable for investors, first home buyers, or downsizers seeking simplicity

Additional costs include Body Corporate Fees of approximately $4,720 per annum and Council Rates of approximately $3,200 per annum.

This property represents a reliable performer for portfolio expansion or a compact, well-located home in a high-demand area. It ticks all the right boxes for those seeking a straightforward and rewarding investment or residence.

Disclaimer: All information provided is gathered from various sources and is believed to be accurate; however, no warranty or guarantee is given. Interested parties should conduct their own investigations and seek professional advice to verify all details.

Location