285 Severin StreetParramatta Park QLD 4870
Property Details for 285 Severin St, Parramatta Park
285 Severin St, Parramatta Park is a 11 bedroom, 6 bathroom House with 2 parking spaces and was built in 1980. While the property is not currently for sale or for rent, it was last sold in June 2013.
Last Listing description (January 2025)
CITY-FRINGE SHARE HOUSE | GENERATING $100,000+ P.A
Unlock the ultimate investment opportunity with this exceptional property, offering impressive cash flow potential and versatile living arrangements. This two-storey home is perfectly set up to maximize returns, with an approved share house downstairs and a stylish owners' residence upstairs.
The downstairs share house is designed for convenience and comfort, featuring 7 spacious bedrooms, 4 bathrooms, a 14.5m2 office with seperate entry/decked waiting area (along with a private bathroom), and ample communal space, including a shared kitchen, living and dining areas, and an inviting outdoor space, perfect for tenants seeking modern, well-appointed accommodation within close proximity to Cairns City.
Upstairs, the owners' residence offers a sanctuary of luxury and space, with 3 generously sized bedrooms, 2 bathrooms, and a dedicated office area. Enjoy the ease of two separate living areas, ideal for relaxation or entertaining, along with an expansive alfresco area that seamlessly blends indoor and outdoor living. The chef's kitchen is a true highlight, boasting abundant storage, vast bench space, and a premium 900mm Smeg oven and stove, a perfect space to create culinary masterpieces.
This dynamic property provides the perfect blend of rental income potential and owner-occupier comfort, making it an unparalleled investment opportunity with endless possibilities.
Key Highlights:
Prime Location: Nestled on the outskirts of Cairns CBD, this property provides convenient access for prospective tenants to nearby businesses, universities, and the hospital. Perfectly positioned, it appeals to university students, hospitality workers, and hospital staff, ensuring broad tenant interest!
10 Bedrooms: Thoughtfully designed to maximize occupancy and floor space, resulting in exceptional high rental yields.
Ample Amenities: Unique among share houses, this property offers amenities on all levels with the buildings boasting 6 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
13.2kw of solar ensure that electricity bills are kept to a minimum.
Cash Flow Machine: With 7 rental rooms & a 14.5m2 office with ensuite & private entry, this property generates upwards of $100,000 annually.
Strong Tenant Demand: The combination of location, amenities, flexible lease terms and affordable accommodation results in consistently high occupancy rates.
No Capital Expenditure Required: This property is fully operational and well-maintained.
Parking: Ample kerbside parking space with an additional 2-bay additional height carport.
This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region.
Give Keegan Lake 0433 446 900 or David Murphy 0402 838 608 a call to receive a comprehensive information memorandum and seize this exceptional cash flow generator to safeguard your financial future!
Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Property History for 285 Severin St, Parramatta Park, QLD 4870
- 08 Nov 2024Listed for Sale Offers Over $1,350,000
- 23 Dec 2022Listed for Sale Offers over $1,450,000
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About Parramatta Park 4870
The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2016 was 3508 people. By 2021 the population was 3621 showing a population growth of 3.2% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation.In 2021, 33.00% of the homes in Parramatta Park were owner-occupied compared with 29.80% in 2016.
Parramatta Park has 1,950 properties. Over the last 5 years, Houses in Parramatta Park have seen a 59.31% increase in median value, while Units have seen a 108.39% increase. As at 30 November 2025:
- The median value for Houses in Parramatta Park is $707,766 while the median value for Units is $479,570.
- Houses have a median rent of $520 while Units have a median rent of $480.
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