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Overview
Situated in a well-established residential neighborhood, this 4-bedroom house at 5 Leichhardt Drive offers a practical and attractive investment option with current rental income and promising growth potential. With a tenant in place paying $540 weekly until early November, investors benefit from immediate revenue generation alongside an opportunity to enhance returns following lease expiration, as suggested by rental appraisals forecasting $600 to $630 per week.
The home features two bathrooms, including an ensuite for the master bedroom, accommodating family or shared living scenarios with ease. The functional open-plan design comfortably integrates living and dining spaces, creating a versatile environment for day-to-day living and entertaining. The kitchen is designed for daily use with practicality in mind, efficiently positioned within the layout for ease of access.
Additional amenities include a lockable double garage complemented by two additional off-street parking spaces, accommodating multiple vehicles or providing convenience for guests. The property occupies a 636 square meter block, offering manageable outdoor maintenance while providing sufficient space for recreational or gardening pursuits.
Positioned for convenience, the home is in close proximity to local schools, shopping centers, parks, and essential amenities, appealing to long-term tenants prioritizing lifestyle and accessibility. This combination of features and locale makes the property a sound choice for investors seeking steady income with growth opportunities in the burgeoning Gracemere market.
Local Market Insights
In Gracemere, Quiet Listings observed 29 new houses entering the market over the last 30 days, up from 27 during the previous 30-day period, with an average advertised asking price of $818,586. The property type mix of listed properties is predominantly Houses at 78%, followed by acreage/semi-rurals (8%), and home for sales (5%). The most active agency for houses in the Gracemere area is currently Ray White, representing 48% of new listings, followed by McGrath Estate Agents with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $705,000 | |
| Offers Over $689,000 |
Location
Market Insights for Gracemere QLD 4702
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