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Description: - Modern brick duplex
- Dual income potential, currently returning $615 per week
- Rent appraised at $680 - $720 per week
- Approximate projected rental yield of 6.03%
- Close to schools, shopping, parklands, and major roads for easy access to city conveniences
Unit 1: 3 Bedrooms, 2 Bathrooms, 1 Car Accommodation
- 3 good-sized bedrooms (2 with ceiling fans and built-in robes)
- Main bedroom with reverse cycle air-conditioning, ceiling fan, walk-in robe, and ensuite
- Spacious open-plan living area with reverse cycle air-conditioning
- Modern kitchen with gas cooktop, electric oven, rangehood, dishwasher, 2-bowl sink, ample storage, and breakfast bar
- Family bathroom with both a shower and bath
- Separate toilet for added convenience
- Covered outdoor entertainment area overlooking the privacy-fenced backyard with side access
- Single remote garage
- Currently rented at $365 per week until 12th February 2025
- Rent appraised at $420 - $440 per week
Unit 2: 1 Bedroom, 1 Bathroom, 1 Car Accommodation
- Spacious bedroom with built-in robe and ceiling fan
- Open-plan living area with reverse cycle air-conditioning
- Modern kitchen with quality appliances and ample storage
- Well-appointed bathroom
- Covered outdoor area
- Single lock-up garage
- Currently rented at $250 per week until 20th January 2025
- Rent appraised at $260 - $280 per week
Discover the perfect blend of modern living and investment potential with this brick duplex at 17 Mia Street, Wyreema. This well-maintained property offers a unique opportunity for savvy investors or those looking to live in one unit while earning rental income from the other. Situated in the peaceful, family-friendly town of Wyreema, just a 15-minute drive from Toowoomba City, this duplex provides easy access to major roads, shopping centres, schools, and parkland, making it an attractive choice for tenants and homeowners alike.
Unit 1: 3 Bedrooms, 2 Bathrooms, 1 Car Accommodation
The larger of the two units features three generously sized bedrooms, with the second and third bedrooms boasting ceiling fans and built-in robes. The main bedroom is a true retreat, complete with reverse cycle air-conditioning, a ceiling fan, a walk-in robe, and a private ensuite. The spacious open-plan living area, also fitted with reverse cycle air-conditioning, adjoins the modern kitchen. This kitchen is equipped with quality appliances, including a gas cooktop, electric oven, rangehood, dishwasher, 2-bowl sink, ample storage, and a breakfast bar. The family bathroom includes both a shower and a bath, with a separate toilet for added convenience. A covered outdoor entertainment area overlooks the privacy-fenced backyard, which features side access, perfect for family gatherings or relaxation. A single remote garage completes this unit, offering secure parking. Currently rented at $365 per week until 12th February 2025. Our property management team have recently appraised the unit at $420 - $440 per week, subject to market conditions.
Unit 2: 1 Bedroom, 1 Bathroom, 1 Car Accommodation
The second unit offers a more compact but equally modern living space, perfect for singles or couples. It features a spacious bedroom with a built-in robe and ceiling fan, a well-appointed bathroom, and an open-plan living area with reverse cycle air-conditioning. The modern kitchen includes quality appliances, ample bench space, and storage. The unit also boasts a private covered outdoor area, a single lock-up garage, and is currently rented at $250 per week, providing a steady income stream. Our property management team have recently appraised the unit at $260 - $280 per week, subject to market conditions.
Together, these units currently generate a combined rental income of $615 per week, delivering a solid rental yield of approximately 5.16%. With a rental appraisal indicating potential future rents of $420 - $440 per week for Unit 1 and $260 - $280 per week for Unit 2, the property offers an even greater yield potential, making it an excellent investment opportunity.
Don't miss out on this exceptional chance to invest in a property with significant potential.
Current tenancy details:
Unit 1 - rented at $365 per week, on a 12 month lease ending 12th February 2025
Unit 2 - rented at $250 per week, on a 12 month lease until 20th January 2025
General rates: currently $1,607.87 net per half year
Water rates: currently $314.95 net per half year plus consumption
Primary school state catchment: Wyreema State School
High school state catchment: Harristown State High School
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