10 Lauretta Avenue

Springwood QLD 4127

This property is a fantastic investment or buy to live in & rent out the other one after the lease agreement is up. Counting in the separate garage, you're literally buy 3 separate buildings on one title! Set on a large 739m2 flat block, its location is also superb as it is surrounded by shops, schools, childcare centres, public transport and parks, and connects to Cinderella Drive, which is the heart of the Springwood CBD. However, savvy buyers and investors need to act fast, as this won't last! 10A is the dwelling at the front of the property and is the larger of the two with 4x bedrooms and 1x bathroom. The auxiliary dwelling at the back has 2x bedrooms and 1x bathroom.

If you are considering buying both as an investment for rental income, you will be thrilled - 10A is receiving $490/week till 22 Mar 2025. 10B for $410/week till 6 Oct 2024, however, this will increase from 6 Oct 2024 to $510/week on a periodic basis, which will mean a total of $1000/week! To top it off, both tenants at 10A and 10B are paying additional water and electricity rates of $40 pw respectively on top of the rent.
That will go a long way towards paying off the mortgage and is a once in a lifetime opportunity!

An entrance with landscaped gardens and privacy hedging and driveway parking for multiple vehicles welcomes you to 10A. As a low-set brick home, it offers security, noise reduction and insulation benefits which could translate to savings on your power. You'll also notice the private side access to the auxiliary dwelling via a secondary driveway that leads to a lock-up garage.

Inside, 10A features an open plan design with an air-conditioned living room, and a tiled dining room and kitchen. The kitchen has a pantry, dishwasher, 5-burner gas cooktop and lots of bench and storage space. This flows into a sizeable separate laundry.

The master boasts a ceiling fan, built-ins and a study nook, and in the other wing of the home are three more bedrooms with built-ins, one with separate access to the shared bathroom. The bathroom has a bath and shower, and a separate toilet completes the interiors. Outside, is a fire pit and a huge undercover deck that is edged by greenery for privacy.

The second dwelling is super-private with a clear separation to the main dwelling in the form of high fencing. This self-contained unit is five-years-new and boasts an open plan format with an air-conditioned living and dining room, a kitchen with a gas cooktop, two bedrooms and a functional bathroom with a shower.

A 3rd separate building includes a brick lock-up garage, plus another potential living area with a separate toilet. *Subject to council approvals, you can also enquire with the relevant authorities about the possibility of converting this building into another dwelling as existing plumbing could make repurposing to an additional rental space easier. A grassy lawn and a storage shed for all the gardening must-haves complete this potential-plus property.

Location-wise, it is close to schools and childcare centres (John Paul College, Calvary Christian College, Springwood State High School, Springwood Central State School, Springwood Road State School and Springwood Early Education Centre). It is also minutes from retail centres including Springwood Plaza and Arndale Shopping Centre. During the week, the CBD is a short 30-minute via the M1 or enjoy a stress-free train ride from Springwood Station. On weekends, take the dog for a walk at the Springwood Dog Park, or venture further to the 36-hectare Springwood Conservation Park for a bush walk.

PROPERTY FEATURES:
+ Fantastic investment or live-plus-rent-out opportunity
+ 3x separate buildings on one title
+ Separate driveway access to 2nd dwelling that is fenced for privacy
+ 739m2 flat block
+ Connects to Cinderella Drive, the heart of the Springwood CBD
+ $1000/week combined rental income from Oct 2024
+ Main Residence: 4x bedrooms, 1x bathroom, Living room, casual dining room, laundry and kitchen; 4x bedrooms with built-ins; Bathroom with shower and bath and two-way access; Huge undercover deck
+ Auxiliary dwelling: 2x bedrooms, 1x bathroom; Open plan living and dining; Kitchen with gas cooktop; Bathroom with shower and toilet; Lock-up garage, separate living area with separate toilet
+ Separate Garage
+ Storage shed

Once in a blue moon properties like these is such a good location and bountiful income are popular and will be snapped up if you wait. Come to the open home this Sat and make your offer to avoid missing out. Hurry!

Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood & Shailer Park by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy.