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7 Cornelius Street, Clontarf QLD 4019

For Sale

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$1.5M - $1.6M Medium Confidence Calculated based on our search observations.

House 10 Beds 5 Baths 5 Cars 1214 m²

Listed: yesterday

Overview

This substantial property in Clontarf presents a compelling investment opportunity, featuring a total of five separate residences—a main house accompanied by four additional units—all situated on a generous 1,214 square meter land parcel. The combined accommodation of ten bedrooms and five bathrooms across the property offers considerable capacity and versatility to cater to multiple tenants or larger occupant groups, while the availability of five parking spaces further adds to the convenience for residents.

Currently fully tenanted, the portfolio generates a robust combined rental income of $2,075 per week, translating into an impressive annual yield of approximately $107,900. This steady income flow underscores the property's appeal as a high-performing investment asset, delivering multiple revenue streams from a single consolidated landholding.

Located moments from Clontarf’s waterfront and local amenities, the property benefits from a lifestyle advantage sought by tenants, boosting its attractiveness and occupancy potential. The proximity to everyday conveniences and coastal access ensures tenants are well-served, supporting long-term tenancy stability.

The expansive land size presents further prospects for future development or subdivision opportunities, subject to council approvals. This element provides an avenue for growth and added value for investors interested in expanding their portfolio or maximizing the asset's potential over time.

Five residences on one large land parcel promoting diverse rental streams.
Currently tenanted, delivering immediate, substantial rental income.
Strategically positioned close to waterfront and shopping facilities—enhancing tenant appeal.
Ample parking spaces and a broad range of bedrooms and bathrooms accommodate a variety of tenants.
Long-term investment possibilities with the potential for land redevelopment.

This property is ideally suited for investors seeking a stable, income-producing asset with room to grow, set within an attractive coastal locale that appeals strongly to the rental market.

Local Market Insights

In Clontarf, Quiet Listings observed 32 new houses entering the market over the last 30 days, up from 22 during the previous 30-day period, with an average advertised asking price of $1,649,844. The property type mix of listed properties is predominantly Houses at 63%, followed by units (19%), and land (10%). The most active agency for houses in the Clontarf area is currently Image Property, representing 31% of new listings, followed by Ray White 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.