89 Camrose Crescent

Underwood QLD 4119

Bidder Registration (for online, phone and onsite bidders): https://auctionslive.com/app/bidder-registration/lB2QP

Ever so often, opportunities arise that we intuitively know will not come again. For a discerning buyer who knows that location & ROI in real estate is everything, such an opportunity has arisen! Not only is this property will generate great ROI, it can easily pay itself off with the current higher interest rates! With it's substantial block size of 1,136m2 it clearly stands out for its further development potential.

Nestled at 89 Camrose Crescent, Underwood, this property is one of the few in the area that offers a unique floor plan, a substantial land size, and endless possibilities. With multiple dwellings on-site, it becomes an investor's dream. Currently, Unit 1/89 Camrose Crescent is rented out for $500 per week, with a rental appraisal of $550-$580 per week, while Unit 2/89 Camrose Crescent has the potential to be rented for $590-$620 per week.

Freshly renovated with a spacious floor plan both dwellings are low-set brick homes with their own private access, carports, separate meters, own private backyards and entertainment areas and separate laundry. There is no body corp. charges associated with these units so it makes it even more attractive for the tenants and buyer alike.

The property offers a multitude of options and extensive potential for buyers. One can choose to reside in one of the units while renting out the other to alleviate mortgage expenses. Alternatively, both units can be rented, generating a substantial rental income of at least $1,150 per week, ensuring an impressive return on investment and a positively geared property. Moreover, the property can provide the perfect solution for multigenerational families, accommodating teenage children, elderly parents, or extended family members while maintaining individual privacy.

Situated in the rapidly growing neighborhood of Underwood, this property benefits from a prime location, with close proximity to amenities, shopping centers, a 15-minute drive to the CBD, and a 40-minute drive to the Gold Coast. The area is poised for continued growth with upcoming projects and infrastructure developments such as the Busway project, high-rise apartments, commercial apartments, and the Beenleigh-Gold Coast train line project.

Property Highlights:
• Two established low-set brick dwellings with three bedrooms and 1.5 bathrooms each
• Complete dual living arrangement with the potential for dual rental income
• Fully renovated with new kitchen, bathrooms, flooring, ceiling lights, and air conditioning throughout
• Freshly painted interior featuring high-quality fixtures
• Private carports and ample on-site and street parking
• Expansive land size with potential for further development
• Backing onto a park, offering serene natural views and no immediate neighbors
• Rental income potential of at least $1,100-$1,200 per week

Location Highlights:
For all our interstate buyers, have a look at the following links to learn more about the importance of this propertys location and the suburb of Underwood:
https://youtu.be/Sqa7-iTxOEE
https://youtu.be/BJcFDKb1tvQ

Located on a quiet street with sound and private neighbors, within an easy walk to the Springwood library, swimming pool and football ground, two minutes' drive to local shopping centre, and 1 minute to the M1 freeway where the city run is 17 minutes only. 45 minutes to Surfers Paradise.
Schools, medical centre, public transport, and shops are just minutes away.

• Positioned close to the M1
• Walking distance to Underwood Market place and Big Gun Shopping Centre
• Public transport close by
• Shopping centres within a couple of moments' drive including Arndale Shopping Centre, Lions' Club, Underwood Marketplace with a variety of retailers
• Ideal proximity to local parks and bike paths
• 15 mins to the CBD
• 40 mins to the Gold Coast
• New bus way just a short walk away

All offers are welcome, owners are motivated to sell to the right buyer for the right price so submit your best offers to secure it as you will not see such houses every day in this pocket.
Contact Team Syed on 0416 498 295 today for any inquiries.

Disclaimer:
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Please be advised that some images included in our marketing materials feature virtual staging techniques designed to illustrate the property's potential appearance; these digitally altered images do not represent its current condition.