35 Hickey Street

Gatton QLD 4343

Positioned in one of Gatton's most convenient and central locations, this unique property presents an extraordinary opportunity for investors seeking a high-yield, low-maintenance asset with immediate income and exceptional future potential. Set on a flat, flood-free 680sqm block, this charming Queenslander has been thoughtfully configured into three self-contained units, each offering comfortable living spaces, generous proportions, and classic period features that are increasingly sought after in today's rental market.The property showcases all the hallmarks of timeless Queenslander architecturebeautiful stained-glass windows, soaring high ceilings, and a warm, light-filled ambience throughout. Natural light pours into each unit, enhancing the sense of openness and highlighting the tasteful updates found in the two recently renovated residences.Brand New Roof A Major Capital ImprovementAdding even further value and peace of mind, a brand new roof has just been installed on the property. This significant upgrade enhances the home's structural integrity, improves weather protection, and minimises future maintenance concernsproviding investors with added confidence and long-term security.The front two units feature:- Two spacious bedrooms with excellent ventilation and natural light- A well-appointed kitchen with ample cupboard storage and practical layouts- A well appointed bathroom - Hybrid flooring in two of the units for durability and modern appeal- Bright, airy living spaces ideal for relaxed everyday comfortThe third unit remains in its original, well-preserved conditionneatly maintained while offering exceptional potential for modernisation. This represents a prime value-add opportunity for savvy investors seeking to elevate rental yields and enhance long-term capital growth.Positioned at the rear of the property, the unit features four generously sized bedrooms, a spacious lounge room bathed in natural light, and an oversized kitchen with ample room for a dining setting. A well-appointed bathroom and direct access to the backyard further enhance its appeal, making it an ideal option for both future tenants and owner-occupiers alike.Underneath the home, you'll find ample under-house storage, a practical bonus for tenants and property owners alike. The block itself is level and flood-free, enhancing both tenant desirability and long-term peace of mind.Strong, Reliable Rental ReturnsThis property is already performing exceptionally well, currently generating:Unit 1: $240* per weekUnit 2: $280* per weekUnit 3: $280* per weekDelivering a combined income of $800 per week*, this property represents a compelling opportunity for both experienced investors and those looking to enter the Gatton market with confidence. Importantly, current rental trends and market conditions indicate strong potential for higher weekly rental returns per unit, particularly with further improvements. With two units already stylishly updated and the third offering immediate scope to add value, this is a rare investment that combines solid income today with the opportunity for enhanced returns and long-term growth.Whether you're seeking a high-performing addition to your portfolio or an investment where charm, character and practicality come together seamlessly, this Gatton gem is not to be missed. Opportunities like thiscentral, profitable, and rich in future upsideare exceptionally rare.Area Details: 2 Minutes* to Gatton State School.3 Minutes* to Gatton CBD that offers Supermarkets, Retail Stores, Restaurants, Cafes, Take Aways, Pharmacy and Doctors. 3 Minutes* Lockyer District High School. 5 Minutes* to Warrego Highway.9 Minutes* to The University Of Queensland Gatton Campus.37 Minutes* to Toowoomba CBD.37 Minutes* to Amberley RAAF Base.43 Minutes* to Ipswich CBD.1 Hour and 12 Minutes* to Brisbane CBD.For more information or to schedule an inspection, contact Jackson Timmins on 0484 565 115 or jackson.t@ngurealestate.com.au today!Approximately*Disclaimer: While we note that all rooms advertised as bedrooms are capable of fitting a bed, it is the responsibility of the buyer, and/or their building and pest inspectors, or any other professionals they engage, to conduct due diligence to ensure that the rooms comply with the relevant building codes and regulations. Any furniture or decor shown is for illustrative purposes only and will not be included in the final sale unless specifically negotiated. All details in this listing are presented to the best of our knowledge, and while we strive to provide accurate information, we are not licensed surveyors, inspectors, builders or owners. Property boundaries, dimensions, features, and inclusions should be independently verified by interested parties prior to making any decisions. We recommend conducting a thorough inspection of the property to ensure it meets your expectations. For more information, please contact the listing agent directly.