234 Elphinstone Street
Koongal, QLD 4701

Overview

234 Elphinstone Street, Koongal

Welcome to 234 Elphinstone Street, Koongal, a charming residence that underwent an internal renovation in 2021, blending comfort and convenience within a peaceful environment.

This property boasts timber flooring throughout, three generously sized bedrooms, a large and well-equipped kitchen, a dining area, and an air-conditioned living space complemented by an internal laundry.

Situated on a 551 square meter block, the home offers a spacious backyard providing ample space for children to play and entertain. Additionally, side access is available, presenting opportunities for future enhancements or extensions.

The property has been consistently tenanted by the same occupant for the past four years, who is interested in continuing the lease. It currently generates a rental income of $440 per week, with the lease secured until October 12, 2026.

Rent appraisals suggest a potential increase to between $480 and $500 per week, expected to take effect in October 2026.

This home represents an excellent opportunity for first-time investors or those looking to expand their property portfolio. It combines a solid rental return with the potential for future growth and improvements in a sought-after location.

Location