FOR SALE
Offers Over $1,499,000

307 Severin Street
Parramatta Park QLD 4870

Bedrooms: 17
Bathrooms: 12
Car spaces: -
Land area: 602m2
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Fully Approved Share House | Generating $180,000+ PA

Unlock the potential of exceptional cash flow with this versatile investment - spanning across 2 x two-storey buildings, this 17-bedroom share house is strategically designed to maximize liveability, ensuring strong room rates and high occupancy levels. Experience the lucrative world of property investment like never before.
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!
17 Bedrooms: Each building is 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 12 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
Cash Flow Machine: With 17 rental rooms, this property generates upwards of $200,000 annually.
Strong Tenant Demand: The combination of location, amenities, flexible lease terms and affordable accommodation results in consistently high occupancy rates.
No Capital Expenditure Required: This property is fully operational and well-maintained. The front building (original structure) has been recently updated, including a new roof installation, ensuring no unexpected costs for the discerning buyer.
Parking: Ample kerbside parking space with an additional 2-bay garage with a large lean-to for additional high clearance storage.
This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region.
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Property Details for 307 Severin St, Parramatta Park

307 Severin St, Parramatta Park is a 17 bedroom, 12 bathroom Other. The property has a land size of 602m2. The place is currently for sale with Ray White Cairns.

Building Type
Other
Land Size
602m2

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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 1,941 properties.

    There are currently 29 properties listed for sale, and 7 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Parramatta park.

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    Laura Krall
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    David Murphy
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    Ray White Cairns
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