307 Severin StreetParramatta Park QLD 4870
Property Details for 307 Severin St, Parramatta Park
307 Severin St, Parramatta Park is a 18 bedroom, 13 bathroom Other. The property has a land size of 602m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 18 bedroom Other sold in Parramatta Park in the last 12 months.
Last Listing description (March 2026)
SITUATION CHANGED - THIS PROPERTY MUST BE SOLD !
Unlock the potential of exceptional cash flow with this versatile investment - spanning across 2 x two-storey buildings, this 17-bedroom share house is strategically designed to maximize liveability, ensuring strong room rates and high occupancy levels. Experience the lucrative world of property investment like never before.
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!
17 Bedrooms: Each building is 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 12 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
Cash Flow Machine: With 17 rental rooms, this property generates upwards of $200,000 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. The front building (original structure) has been recently updated, including a new roof installation, ensuring no unexpected costs for the discerning buyer.
Parking: Ample kerbside parking space with an additional 2-bay garage with a large lean-to for additional high clearance storage.
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.
Get in touch with us today 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 307 Severin St, Parramatta Park, QLD 4870
- 02 Mar 2026Sold
- 05 Jan 2023Listed for Sale Expressions of Interest
- 14 Sep 2017Sold for $396,000
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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 1,961 properties. Over the last 5 years, Houses in Parramatta Park have seen a 65.76% increase in median value, while Units have seen a 101.64% increase. As at 28 February 2026:
- The median value for Houses in Parramatta Park is $749,609 while the median value for Units is $514,063.
- Houses have a median rent of $540 while Units have a median rent of $490.
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