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1 & 2/142 Park Street, Park Avenue, Qld 4701 For Sale
1 & 2/142 Park Street, Park Avenue, Qld 4701 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image 1 & 2/142 Park Street, Park Avenue, Qld 4701-Image

1 & 2/142 Park Street, Park Avenue, Qld 4701

Offers Above $749,000

Duplex Semi-detached
Type
6
Bedrooms
2
Bathrooms
2
Parkings
809 m²
Area

Published on Saturday, October 17, 2026 ( See property details for 1 & 2/142 Park Street, Park Avenue, Qld 4701)

Offers Above $749,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, renovated duplex in the heart of Park Avenue offering strong rental income and long-term investment potential.

🏡 Property Highlights

  • Two leased units generating a combined rental income of $960 per week
  • Modern internal upgrades including renovated kitchens and stylish bathrooms
  • Prime location within walking distance of Stockland Rockhampton Shopping Centre
  • Low-maintenance living with polished timber flooring and fresh internal paintwork
  • Air-conditioning in living areas and main bedrooms for comfort
  • Fully fenced yards with outdoor space for each tenancy

✨ Key Features

  • Built-in Robes
  • Air Conditioning
  • Outdoor Area
  • Open-Plan Living
  • Fully fenced
  • Modern window furnishings
  • Polished timber flooring
  • Renovated kitchens
  • Stylishly updated bathrooms
  • Pet-Friendly

Park Avenue is a vibrant suburb known for its convenient location close to shopping, amenities, and transport links. It offers a strong community feel, easy access to essential services, and a growing demand for rental properties. The area is ideal for investors seeking stable income streams and long-term growth potential, with a mix of modern homes and established infrastructure.

What is the current rental demand in Park Avenue?
Park Avenue has a strong rental demand due to its convenient location, proximity to shopping centres, and modernised properties, ensuring consistent occupancy for tenants.
Are there any recent renovations or upgrades to the units?
Yes, both units have benefited from modern internal upgrades, including renovated kitchens with modern appliances, updated bathrooms, polished timber flooring, and fresh internal paintwork.
What are the ongoing costs associated with owning this duplex?
Ongoing costs typically include property management fees, council rates, insurance, maintenance, and utilities, which should be considered when calculating net returns.
Is there potential for future capital growth in this area?
Yes, Park Avenue is a growing suburb with ongoing infrastructure development and increasing demand, offering potential for capital appreciation over time.
What is the condition of the property and are there any known issues?
The property has been recently renovated and is well-maintained. A thorough inspection is recommended to identify any specific issues or repairs needed.
Are there any zoning restrictions or easements affecting the property? What are the strata or body corporate fees and regulations, if applicable? Are there any upcoming planning or development proposals in the area that could impact the property? Has the property been inspected for pests, structural issues, or other defects? Are there any flood or bushfire risks associated with the property location? What are the total annual expenses, including management fees and council rates? Is there any history of disputes or issues with tenants or neighbours? Are there any restrictions on future renovations or extensions? What are the terms of the current leases, and are there any upcoming lease expirations? Are there any planned infrastructure projects nearby that could affect the property’s value or livability?

1 & 2/142 Park Street, Park Avenue, Qld 4701 - More Details

Offers Above $749,000

Two incomes, one investment, and a combined rental return of $960 per week!

Positioned in the heart of Park Avenue, this renovated duplex presents an exciting opportunity for investors looking to secure an income-producing asset with immediate returns and long-term potential.

While modest from the outside, it's what's on the inside that makes this property stand out. Both three-bedroom units have benefited from modern internal upgrades, offering comfortable, low-maintenance living that continues to attract strong rental demand.

Property Highlights:
*Two leased units, each offering three bedrooms and one bathroom
*Renovated kitchens with modern appliances
*Stylishly updated bathrooms
*Polished timber flooring and fresh internal paintwork
*Air-conditioning to living areas and main bedrooms
*Built-in wardrobes and modern window furnishings
*Fully fenced yards with outdoor space for each tenancy
*Convenient location within walking distance of Stockland Rockhampton Shopping Centre

-The Numbers That Matter-
*Unit 1: $480 per week | Leased until 2 April 2027
*Unit 2: $480 per week | Leased until 19 March 2027
*Combined Rental Income: $960 per week
*Annual Rental Income: $49,920
*Indicative Gross Yield: 6.67% at $749,000 (before expenses)

With both units already tenanted and generating income, there's no waiting to start seeing a return.

Whether you're growing an established portfolio or looking for your next investment opportunity, 142 Park Street offers a combination of income, location and modernised interiors.
Type
Duplex Semi-detached
Bedrooms
6
Bathrooms
2
Parkings
2
Area
809 m²

Map & nearby places — 1 & 2/142 Park Street, Park Avenue, Qld 4701

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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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