FOR SALE
Offers Over $1,350,000

285 Severin Street
Parramatta Park QLD 4870

Bedrooms: 11
Bathrooms: 6
Car spaces: 2
Land area: 415m2
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CITY-FRINGE SHARE HOUSE | GENERATING $100,000+ P.A

Unlock the ultimate investment opportunity with this exceptional property, offering impressive cash flow potential and versatile living arrangements. This two-storey home is perfectly set up to maximize returns, with an approved share house downstairs and a stylish owners' residence upstairs.
The downstairs share house is designed for convenience and comfort, featuring 7 spacious bedrooms, 4 bathrooms, a 14.5m2 office with seperate entry/decked waiting area (along with a private bathroom), and ample communal space, including a shared kitchen, living and dining areas, and an inviting outdoor space, perfect for tenants seeking modern, well-appointed accommodation within close proximity to Cairns City.
Upstairs, the owners' residence offers a sanctuary of luxury and space, with 3 generously sized bedrooms, 2 bathrooms, and a dedicated office area. Enjoy the ease of two separate living areas, ideal for relaxation or entertaining, along with an expansive alfresco area that seamlessly blends indoor and outdoor living. The chef's kitchen is a true highlight, boasting abundant storage, vast bench space, and a premium 900mm Smeg oven and stove, a perfect space to create culinary masterpieces.
This dynamic property provides the perfect blend of rental income potential and owner-occupier comfort, making it an unparalleled investment opportunity with endless possibilities.
Key Highlights:
Prime Location: Nestled on the outskirts of Cairns CBD, this property provides convenient access for prospective tenants to nearby businesses, universities, and the hospital. Perfectly positioned, it appeals to university students, hospitality workers, and hospital staff, ensuring broad tenant interest!
10 Bedrooms: Thoughtfully designed to maximize occupancy and floor space, resulting in exceptional high rental yields.
Ample Amenities: Unique among share houses, this property offers amenities on all levels with the buildings boasting 6 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
13.2kw of solar ensure that electricity bills are kept to a minimum.
Cash Flow Machine: With 7 rental rooms & a 14.5m2 office with ensuite & private entry, this property generates upwards of $100,000 annually.
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Property Details for 285 Severin St, Parramatta Park

285 Severin St, Parramatta Park is a 11 bedroom, 6 bathroom House with 2 parking spaces. The property has a land size of 415m2. The place is currently for sale with Ray White Cairns.

Building Type
House
Land Size
415m2

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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has 1,927 properties. Over the last 5 years, Houses in Parramatta Park have seen a 41.21% increase in median value, while Units have seen a 65.86% increase. As at 31 October 2024:

  • The median value for Houses in Parramatta Park is $583,677 while the median value for Units is $406,749.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently 41 properties listed for sale, and 15 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Parramatta park.

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Keegan Lake
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David Murphy
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Ray White Cairns
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