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Overview
This Scarborough property presents a unique investment opportunity, encompassing two separate units on a consolidated 405 square meter block. Each unit offers a straightforward, functional layout featuring two bedrooms, one bathroom, and a single car parking space, aligning well with tenants seeking comfortable and manageable accommodation.
Positioned conveniently within walking distance to the Scarborough waterfront, the property benefits from easy access to a variety of local amenities including cafés, parks, and walking paths, offering residents a quality coastal lifestyle. The dual-unit setup provides a practical solution for investors looking to diversify income streams through multiple tenancy agreements, currently delivering a combined return of $46,800 per annum.
The property’s location and configuration make it an attractive prospect for investors aiming to expand their portfolio with a dual-income asset in a tightly held bayside area. Proximity to everyday conveniences enhances its rental appeal, while the size and layout of each unit cater to a broad tenant demographic. This setup may particularly suit those looking for low-maintenance investment options with reliable demand.
- Two independent units on one block boosting investment potential
- Each unit configured with two bedrooms, one bathroom, and single car accommodation
- Moderate land size of 405 sqm providing communal space while maintaining a compact footprint
- Located within short walking distance to the Scarborough waterfront and local conveniences
- Well positioned to attract steady rental interest given the dual income opportunity
Overall, this property is tailored to investors seeking a versatile, income-producing asset in a desirable coastal precinct, combining practicality and long-term appeal in one offering.
Local Market Insights
In Scarborough, Quiet Listings observed 41 new houses entering the market over the last 30 days, up from 36 during the previous 30-day period, with an average advertised asking price of $1,916,146. The property type mix of listed properties is predominantly Houses at 58%, followed by apartments (19%), and units (16%). The most active agency for houses in the Scarborough area is currently Ray White, representing 49% of new listings, followed by Place with 12%. 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 |
|---|---|
| $1,199,000+ | |
| For Sale |
Location
Market Insights for Scarborough QLD 4020
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