7 Balaclava Road

Earlville QLD 4870

An extremely rare opportunity has arisen to secure a property with strong rental returns in a blue chip location.'7 Balaclava Rd Earlville' boasts three separate dwellings, offering a diverse and lucrative investment opportunity. Home 1 is a beautifully raised and renovated Queenslander with 3 bedrooms, 3 bathrooms, and ample indoor/outdoor living space. Homes 2 and 3 are modern 10-year-old homes, each with 3 bedrooms, 2 bathrooms, and double garages.The property presents excellent value, situated on a large 1,062m2 block in a peaceful neighbourhood. Its proximity to Earlville Shopping Hub, schools, childcare, cinemas, and restaurants further enhances its appeal.Currently, the three houses generate a combined annual rental income of $78,500, with significant potential for increases due to below-market rents.This is a golden opportunity to acquire a low-maintenance, high-yield investment property in a prime location. I highly recommend arranging an inspection as soon as possible.**Property Details**The property boasts three dwellings on a large 1,062m2 block:Home 1: A beautifully raised and renovated Queenslander offering 3 bedrooms, 3 bathrooms, and indoor/outdoor living spaces upstairs. Downstairs features a home office, bathroom, laundry, outdoor storage, and a double garage.Homes 2 & 3: Modern 10-year-old homes, each with 3 bedrooms, 2 bathrooms, double garaging, and modern features.The location is excellent, moments from Earlville Shopping Hub, Our Lady Help Of Christians School, Balaclava Rd Children's Centre Childcare, movie cinemas, and restaurants.Current Leases & Rental AppraisalsHouse 1 :* Current Rent: $550/week* Lease: 10/06/2024 09/06/2025* Last Increase: 10/06/2024* Rental Appraisal: $650/week House 2 :* Current Rent: $480/week* Lease: 13/04/2024 11/04/2025* Last Increase: 13/04/2024* Rental Appraisal: $650/weekHouse 3 :* Current Rent: $480/week* Lease: 23/03/2024 21/03/2025* Last Increase: 23/03/2024* Rental Appraisal: $650/weekOutgoings* Water Rates: $650 approx pa* Council Rates: $9,172 pa* Insurance: $9,000 approx paInvestment Highlights* Current Return: $78,500 p.a.* Potential rental increase return $100,000 p.a* Excellent value and potential for increased returns* Low maintenance property in a peaceful neighbourhood* Close to all amenities* Separate water and electricity metersThis is a golden opportunity and inspections are highly recommended.