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Overview
Situated on a north-facing 680 square meter allotment in the well-established suburb of Kearneys Spring, this five-bedroom house offers a distinctive investment opportunity through its proven co-living model. Designed to cater specifically for investors seeking robust rental returns, the property currently yields a gross income of $1,400 per week, outperforming local median rents by more than double, and providing an impressive 7.28% gross rental yield.
This home is fully furnished and occupied by long-stay tenants in each private bedroom, with leases extending through to July 2027. The existing management system is in place, eliminating the challenges associated with establishing a co-living setup from scratch, including tenant sourcing, room furnishing, and operational management.
- Spacious communal living areas foster a sense of community while maintaining individual privacy across the five bedrooms.
- The open-plan kitchen and family room connect seamlessly to a generous covered outdoor entertaining area measuring 7.4 by 3.8 meters, overlooking mature rear gardens, an inviting feature enhancing lifestyle appeal.
- Two bathrooms with dual shower and toilet facilities provide practical separation and convenience for multiple residents.
- Additional amenities such as built-in robes, dishwasher, broadband connectivity, secure parking including a double carport and approved 36 square meter detached shed, and a certified solar power system underscore the practical and sustainable living aspects of this property.
- A rainwater tank and established gardens contribute to an environmentally conscious and easy-care outdoor environment.
The home also benefits from proximity to the University, located just 2.3 kilometers away, which supports its suitability for student or staff accommodation. The mature setting and quiet outlook offer a calm atmosphere, making it compelling not only as an investment but also as a well-maintained residence.
This property will attract investors prioritising strong cash flow and hands-off management, as it combines a well-configured layout, established tenancy, and existing operational infrastructure, presenting an opportunity to step into a fully functioning and financially productive asset.
Local Market Insights
In Kearneys Spring, Quiet Listings observed 176 new houses entering the market over the last 30 days, up from 144 during the previous 30-day period, with an average advertised asking price of $941,544. The property type mix of listed properties is predominantly Houses at 78%, followed by units (10%), and townhouses (4%). The most active agency for houses in the Kearneys Spring area is currently Remax, representing 19% of new listings, followed by Ray White with 18%. 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 Kearneys Spring QLD 4350
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