10 Waterway Crescent
Hillcrest, QLD 4118

Overview

10 Waterway Crescent Hillcrest QLD 4118

If you are looking to begin your investment journey or add a strong performer to your portfolio, 10 Waterway Crescent, Hillcrest presents an outstanding opportunity. Positioned on a 380sqm block, this modern dual occupancy property features two semi-detached residences, offering a low maintenance investment with strong and consistent returns.

Generating a combined rental income of $1,055 per week, the property is already delivering excellent yield with reliable tenants in place, making it an ideal set and forget investment.

Both residences are currently tenanted, with the three-bedroom unit leased at $580 per week until October 2026 and the two-bedroom unit leased at $475 per week until October 2026.

Unit 1 offers three spacious bedrooms, including a main bedroom with air-conditioning, an ensuite bathroom, and built-in wardrobe. All bedrooms have built-in wardrobes. The main tiled living area features air-conditioning and ceiling fans throughout. The open plan kitchen and dining area is equipped with stainless steel appliances including a dishwasher, electric stove top, and electric oven. Flooring consists of floorboards in the main living areas and carpet in the bedrooms. Additional features include a separate laundry, electric double lock-up garage, an outside entertainment area perfect for gatherings and family barbecues, and a fully fenced yard. The location is convenient, within 45 minutes of Brisbane and 40 minutes to the beaches of the Gold Coast.

Unit 2 comprises two spacious bedrooms with built-in wardrobes. The master bedroom opens out to the alfresco area. The main tiled living area includes air-conditioning and ceiling fans throughout. The open plan kitchen and dining area also features stainless steel appliances including a dishwasher, electric stove top, and electric oven. Flooring includes floorboards in the main living areas and carpet in the bedrooms. There is a single car garage, an entertainment area ideal for social occasions, and a fully fenced yard.

Hillcrest is a growing and family-friendly suburb in Logan City, offering a great balance of lifestyle and investment potential. Located about 22 km south of Brisbane, it provides convenient access to major transport routes while maintaining a relaxed suburban atmosphere. Residents enjoy nearby parks, schools, shopping centres, and strong community amenities, making it an ideal place to live for families and professionals alike. With ongoing development, rising property demand, and solid rental growth, Hillcrest continues to attract both homeowners and investors looking for long-term value in a well-connected and evolving area.

Please note that while all due care is taken to ensure the accuracy of information, prospective purchasers should conduct their own independent research and enquiries to verify all details about the property.

Location