Affordable Investment or Lifestyle Opportunity – Large Block Close to CBD
Expressions of Interest $350,000
Positioned on a generous 1,214m² allotment, this solid highset home offers an outstanding opportunity for investors, first home buyers and renovators alike. Conveniently located just minutes from the Innisfail CBD and only five minutes to the popular Croquette Point Boat Ramp, this property combines affordability, convenience and lifestyle.
Built in 1970, the home features three bedrooms, one bathroom and is connected to all essential town services, including mains power, mains water and mains sewerage. The large block provides plenty of room for future improvements, additional shedding, gardens or outdoor entertaining areas (subject to council approval).
Currently leased on a periodic tenancy at $335 per week, the property provides immediate rental income while offering the opportunity to review the rental return in line with current market conditions when a new lease is negotiated.
Property Features
• 1,214m² level allotment
• Solid highset home
• Three bedrooms
• One bathroom
• Spacious area beneath the home offering excellent storage and utility space
• Mains power
• Mains water
• Mains sewerage
• Plenty of room for future improvements (STCA)
Investment Snapshot
• Expressions of Interest $350,000
• Current Rent: $335 per week
• Annual Rental Income: $17,420
• Approximate Gross Rental Yield: 4.98%
• Council Rates: Approximately $4,000 per annum
• Building Insurance: Approximately $2,500 per annum
Based on the current rental income, the estimated net income before property management, maintenance and other ownership expenses is approximately $10,920 per annum, representing an indicative net return of around 3.1%.
Excellent Location
The property enjoys a convenient location close to a wide range of amenities and attractions, including:
• Approximately 5 minutes to Croquette Point Boat Ramp
• Minutes to Innisfail CBD
• Woolworths, Coles and local shopping centres
• Schools and childcare facilities
• Innisfail Hospital and medical services
• Cafés, restaurants and hotels
• Sporting facilities and parks
• Public transport
• Innisfail Golf Club
• Beautiful beaches and coastal waterways
• Easy access to the Johnstone River for boating and fishing
• Approximately one hour to Cairns International Airport
The nearby Croquette Point Boat Ramp provides excellent access to some of North Queensland's finest fishing, crabbing and boating waters, making this an attractive location for outdoor enthusiasts.
Who Will This Property Suit?
This property represents excellent value for:
• Investors seeking an affordable property with immediate rental income and future rental growth potential.
• First home buyers looking to enter the market on a large parcel of land.
• Renovators wanting to modernise a solid home and add value.
• Retirees seeking a low-maintenance home close to town and recreational facilities.
• Tradespeople or hobbyists requiring space for vehicles, trailers or future shedding.
Affordable homes on large blocks with full town services are becoming increasingly difficult to secure. Offering a combination of income, location and future potential, 58 Howe Street presents an excellent opportunity to purchase a well-positioned property in one of Far North Queensland's most affordable markets.
Expressions of Interest $350,000
Enquire today and secure your opportunity to own a substantial parcel of land in one of Far North Queensland's most affordable lifestyle locations.
- Balcony
