58 Spowers Street

Bongaree QLD 4507

In a market where strong rental yields are increasingly difficult to secure, properties offering this level of flexibility and income potential are becoming harder to find. The ability to generate dual income streams, live in one and rent the other, or adapt the layout over time creates a compelling investment case in a location where demand remains consistently high.

At the front, the home showcases soaring dark timber vaulted ceilings, exposed brick features and a flexible living space currently used as a lounge, all adding warmth and personality. The kitchen is generous in size and centrally positioned, while the layout has been adapted to create additional space. A renovated bathroom services this part of the home, offering a fresh and functional finish among the character features.

To the rear, the second residence continues the same sense of character, complete with its own living and dining area, kitchen and bathroom. Vaulted ceilings carry through, creating cohesion across both homes, while the layout allows each residence to function independently or be connected via an internal access point. A private patio framed by garden surrounds provides a quiet outdoor space, adding to the appeal of this self-contained residence.
It is important to note there are unfinished and non-standard works throughout the property, and it will require further improvement. However, this is where the opportunity truly lies. Buyers with vision will recognise the potential to enhance, reconfigure or maximise the dual income capability in a location where demand remains consistently strong.

Outdoors, the home is complemented by a private garden setting, separate yard spaces, and two garden sheds. The street presence is modern and fresh, delivering a strong first impression that feels both considered and inviting. Positioned within this quiet, established pocket, it offers both privacy and a true sense of place.

Front Residence
- 3-bedroom configuration (adapted layout)
- Renovated bathroom with modern finishes
- Generous kitchen with central position
- Flexible living space (currently used as lounge)
- Soaring timber vaulted ceilings and exposed brick features
- Split-system air conditioning to living areas
- Carpeted bedrooms with built-in wardrobes
- Internal access to rear residence (lockable if separated)

Rear Residence
- 1-bedroom fully self-contained residence (easy conversion back to 2 bedroom)
- Private living and dining area
- Tidy kitchen and functional layout
- Two-way bathroom
- Split-system air conditioning
- Vaulted ceilings continuing the character feel
- Private patio with garden surrounds
- Separate access for independent living

Homes in the Red Beach pocket are tightly held, and opportunities like this - offering two residences on one title - are rarely offered. Buyers will need to bring their creativity, but the upside here is clear.