60 Thorn Street

Ipswich QLD 4305

60 Thorn Street, Ipswich is situated in one of Ipswich's most convenient and tightly held locations, this dual-living property is a rare find for the astute investor or renovator with vision.

Perched on a generous 964m² block in the heart of the Ipswich, this character-filled property has been converted into two self-contained units and is just a short stroll from both Ipswich and St Andrews Hospitals, schools, parks, public transport, and local shopping hubs. If you're chasing location - this one absolutely delivers.

Each unit is well laid out, offering two spacious bedrooms with a unique twist: the master bedroom features a walk-in robe that can be accessed from the second bedroom - a practical touch that could easily be enhanced with a little creative renovation.

You'll also find a neat and functional central bathroom, internal laundry, a separate living room, and a combined kitchen and dining space in each unit.

Enclosed front balconies offer a great spot for relaxing or enjoying the morning sun, while one unit enjoys private side yard access - a fantastic bonus for tenants or future occupants.

Now, let's talk openly - this property is not freshly renovated. It's honest and it's solid, but it's certainly due for some attention. The layout provides a great canvas, and with some thoughtful updates, there's huge potential to modernise, add value, and significantly boost returns. Whether it's cosmetic refreshes or larger scale renovations, the opportunity to reimagine these units into something special is clear.

Both units are currently tenanted on fixed-term leases until November 2025, with tenants paying $245 per week each - offering an immediate combined rental income of $490 per week. The long-term tenancy provides peace of mind for investors while you plan your future improvements.

Based on current market conditions and demand for centrally located properties, a current rental appraisal suggests each unit could achieve between $300 to $350 per week. That's a potential total return of up to $700 per week, making this not only a location play but also a smart income-generating asset with room for real growth.

Opportunities like this - in a location so close to key infrastructure and amenities - are incredibly hard to come by. Whether you're looking to land bank or renovate and hold, this property ticks all the boxes when it comes to location, layout, and potential.

Inspections are available by appointment only, and we'd love to show you through. Reach out today to Glenn Ball or Lisa Jensen from First National Action Realty Ipswich for more information or to secure your viewing.

Please note: All personal items have been removed from marketing photos to respect tenant privacy.

DISCLAIMER: First National Action Realty has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. All distances, measurements and timeframes contained within this advertisement are approximate only. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.