7 Oak Street

Blackwater QLD 4717

The Property - This is a straightforward, low-maintenance home with long term tenants who are very happy living there. Three bedrooms, a combined living and dining area, a functional kitchen with new stove and oven, solid bench and storage space, and a separate laundry. Four air-conditioning units keep the place comfortable through Central Queensland summers, which matters when you want tenants to stay long-term and look after the place.

A covered carport protects vehicles from the elements, and the 708m² block gives the property breathing room without creating a maintenance headache. The location is practical with Woolworths and the local school both a short walk away, which ticks the convenience boxes that tenants prioritise when choosing where to live.

- Purchase price: Offers over $279,000
- Current rent: $420 per week ($21,840/year)
- Gross yield: 7.8%
- Council rates: $3,356/year (subject to change)
- Water rates: $1,328/year (subject to change)
- Rental appraisal: $410 to $420 per week
- Lease status: 12-month lease in place

The Bottom Line - This is a performing asset with a tenant, a lease, and a yield that stacks up on paper and in practice. Properties like this don't sit around forever, especially at this price point.

Call Robert Cox on 0422 841777 to arrange a private inspection.

Disclaimer: In preparing this information, we have used our best endeavours to ensure that the information contained herein is true and accurate, accept no responsibility, and disclaim all liability regarding any errors, omissions, inaccuracies or misstatements that may occur. Prospective buyers should make their enquiries to verify any information contained within. Please note some of the photos have been digital enhanced.