1/24 Camborne Street
Alderley, QLD 4051

Overview

Perfect Entry into the Market or Investment Opportunity

Situated in the rapidly developing suburb of Alderley, this semi-ground floor unit presents an excellent opportunity for first-time buyers or investors seeking a foothold in the property market. The building is a small double-story brick walk-up consisting of only six units, with access to this particular unit via a short flight of five stairs.

The interior remains in its original condition, offering a blank canvas for future owners to customize and renovate according to their preferences. Currently tenanted until August, the property generates a strong rental yield exceeding 4%, providing immediate income while allowing time to plan renovations for enhanced value and personal enjoyment.

Key features of the property include:

Living, Dining, and Kitchen:

• An open-plan design seamlessly integrates the living and dining areas.
• Tiled flooring throughout and high ceilings contribute to a spacious feel.
• Large windows fitted with sheer curtains and roller blinds allow ample natural light.
• The kitchen is equipped with a freestanding gas oven and cooktop.
• Timber-look laminate benchtops add a warm aesthetic.
• Generous under-bench and overhead storage space is available.

Bedroom and Bathroom:

• The bedroom is well-sized and includes a built-in wardrobe.
• The bathroom features a walk-in shower with a detachable shower head.
• A pedestal ceramic basin is installed.
• A large frosted window provides natural light and ventilation.

Additional Property Features:

• The unit is positioned semi-ground floor for convenient access.
• A single car lockup garage is located adjacent to the unit.
• The laundry facilities are situated within the garage.
• Body corporate levies are low, making ongoing costs manageable.
• The property is currently tenanted until mid-August, ensuring rental income continuity.

The location offers a connected lifestyle with numerous local amenities within walking distance. Residents can easily access the Alderley train station and major bus routes. Cafes and a wine bar are conveniently located at the end of the street, while Alderley Coles supermarket is less than a five-minute walk away. The area is surrounded by parks and recreational spaces, and the Brisbane CBD is less than 10 kilometers from the property.

This unit represents a valuable investment or a comfortable home with potential for future personalization and growth. The current tenancy provides financial benefits while allowing time to plan improvements to maximize the property's appeal and value.

Note: The property is being sold by auction or without a fixed price, and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for functionality purposes. The photos used are of the tenanted property.

Location