Hillcrest, QLD 4118

This property is a brand new dual living house located in Hillcrest, Queensland, built in 2023. It features five bedrooms, three bathrooms, and two parking spaces, making it an ideal investment for families or those seeking a spacious home with dual living capabilities.

The house is situated on a land size of 463 square meters, offering ample outdoor space and easy access to local amenities. The location provides convenient access to schools, shops, parks, and major highways, enhancing the lifestyle and accessibility for residents.

The property was purchased in July 2023 at a price of $800,000, which was below the market value, providing excellent value for investors. The combined rental income is approximately $920 per week, resulting in a gross rental yield close to 6% immediately after settlement. The current estimated valuation has appreciated to the mid $800,000 range, reflecting strong growth potential.

The client background indicates a local family of four who had been searching for an investment property for six months, aiming for a gross rental yield exceeding 5%. This property met their investment criteria and has delivered a satisfactory outcome.

Key features of the property include:

• Brand new construction completed in 2023
• Five spacious bedrooms suitable for family living or rental purposes
• Three modern bathrooms designed for convenience and comfort
• Two dedicated parking spaces
• Dual living configuration, offering flexibility for extended family or rental income
• Proximity to essential local facilities such as schools, shopping centers, parks, and highways

This property represents a sound investment opportunity with strong rental returns and capital growth prospects in a desirable suburb of Queensland.