10 Rosella Avenue
Townview, QLD 4825

Overview

Versatile Home with Potential 10%+ Yield - Live In or Invest

This property presents an excellent opportunity for families seeking a comfortable home or investors looking for a promising asset in Mount Isa. It has previously been leased at $430 per week, offering a potential net yield exceeding 10%, making it a strong investment prospect.

The home is designed to provide ample space and comfort, featuring three bedrooms and one bathroom. It is equipped with energy-efficient features, including 30 solar panels installed on the roof, which contribute to reduced energy costs and environmental sustainability.

Parking and storage needs are well catered for with a double bay carport and two garden sheds, providing secure and convenient space for vehicles and additional storage. Outdoor living is enhanced by a covered patio and a private deck at the entrance, ideal for relaxation and entertaining guests. The property also includes a plunge pool with compliant safety features and a shaded pool area, offering a refreshing retreat during warmer months.

Inside, the home offers three air-conditioned rooms, including a split system air conditioning unit in the entry and living area, ensuring comfort throughout the year. The kitchen is tidy and functional, designed to meet everyday cooking needs efficiently. The central bathroom includes a shower and a standalone toilet, while a separate laundry adds to the home's practicality.

From an investment perspective, the property benefits from a low vacancy rate of just 1.3% in Townview, highlighting its desirability in the rental market. It is currently advertised for rent and can be purchased vacant, providing flexibility for immediate occupation or continued rental income.

Annual expenses include a recent yearly rate charge of $4,154.32 and a bi-annual water charge of $106.08, which are important considerations for budgeting.

Location advantages include proximity to Townview State School, just a street away, and a short drive to key amenities such as Mount Isa Hospital, Mount Isa Village, the Rodeo Ground, and Mount Isa Mines. The property sits on a large, flat block with a spacious frontage, offering potential for further development or landscaping.

This home is ideal for families seeking space, comfort, and convenience, as well as investors aiming for strong rental returns in Mount Isa.

Location