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Overview
This unique property presents an outstanding investment opportunity comprised of two fully tenanted, modern units on a single title, specifically situated in the highly sought-after locale of Hermit Park.
Each unit thoughtfully combines functional living with convenience, offering a spacious living area adjacent to well-appointed kitchens featuring quality tiled finishes and modern appliances, including a provision for dishwashers. The generous two-bedroom layout in each unit is complemented by robust built-in robes, ensuring ample storage while the bathrooms are detailed with superior floor and wall tiling, quality vanities, and stainless-steel fittings, adding a touch of refinement and practicality.
Investors will appreciate the low maintenance nature of this property, recently refitted internally and externally to a durable, contemporary standard. Comfort is catered for through quality split-system air-conditioning and ceiling fans installed throughout while security screens provide peace of mind.
- Undercover carports secure a parking space for each unit.
- Each unit benefits from a large, partially enclosed laundry with modern tub and tiled splashbacks.
- NBN connectivity is established in living areas.
- Separate garden sheds are provided for additional storage.
Located on a flat, accessible block of approximately 809 square metres, the property requires minimal upkeep, enhancing its appeal for owners and renters alike. Set against a backdrop of tree-lined streets and proximity to schools, transport, shops, and amenities, the location continues to attract investors seeking strong rental yields.
Additional quality upgrades include external and internal repainting in 2019, a new roof installed in 2018, building drainage improvements, and 3kW solar systems installed for each unit, all contributing to long-term sustainability and reduced operational costs.
This property is particularly suitable for investors looking to secure immediate income from reliable long-term tenants in a prime location that blends practicality with convenience.
Local Market Insights
In Hermit Park, Quiet Listings observed 4 new units entering the market over the last 30 days, down from 6 during the previous 30-day period, with an average advertised asking price of $396,000. The property type mix of listed properties is predominantly Houses at 78%, followed by units (10%), and land (5%). The most active agency for units in the Hermit Park area is currently Century21, representing 25% of new listings, followed by McGrath Estate Agents with 25%. 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.
Location
Market Insights for Hermit Park QLD 4812
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