2 Vaughan Street, Mareeba, Qld 4880

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House
Type
2
Bedrooms
1
Bathrooms
2
Parkings
1,108 m²
Area

Last updated on Saturday, October 10, 2026 ( See property details for 2 Vaughan Street, Mareeba, Qld 4880)

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

A well-positioned 2-bedroom timber home on a large corner block, offering excellent investment and renovation potential in Mareeba's prime CBD vicinity.

🏡 Property Highlights

  • Prime corner block location within walking distance to the CBD
  • Currently tenanted with immediate rental income of $420 per week
  • Large 1,108m2 yard offering potential for future development or landscaping
  • Well-maintained weatherboard exterior with timber stumps and vinyl flooring
  • Versatile downstairs space with additional storage options
  • Excellent renovation and investment potential in a sought-after area

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Garage / Secure Parking
  • Internal Laundry
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • Low-Maintenance Yard

Mareeba is a vibrant regional town renowned for its friendly community, excellent amenities, and proximity to natural attractions. The suburb offers a mix of established homes and development opportunities, making it ideal for investors and families alike. Its walkable CBD provides convenient access to shops, cafes, and services, while the surrounding landscape offers scenic views and outdoor activities. With ongoing growth and a strong rental market, Mareeba presents a compelling location for property investment.

What is the condition of the property and are there any renovation opportunities?
The property is well-maintained with a weatherboard exterior and vinyl flooring, offering significant potential for renovation and value-adding improvements.
Is the property suitable for investment purposes?
Yes, the property is currently tenanted with a steady rental income of $420 per week until April 2027, making it an attractive investment opportunity.
What are the key features that make this property appealing?
Its large corner block, prime location near the CBD, versatile downstairs space, and potential for future development are key highlights.
Are there any additional amenities or outdoor features?
The property includes an enclosed carport/shed, a garden shed on a concrete slab, and a fully fenced yard for privacy and security.
What is the current rental yield and ongoing costs?
The current rental income is $420 per week, with rates approximately $2,300 per 6 months, providing a solid return for investors.
Are there any zoning restrictions or easements affecting the property? Has the property been inspected for structural issues or pests? Are there any upcoming council or development plans in the area that could impact the property? What are the total ongoing costs, including rates, insurance, and maintenance? Is the property compliant with all building codes and regulations? Are there any hidden costs associated with the property's current condition or future renovations? Has the property experienced any flooding or bushfire risks? Are there any restrictions on future development or extensions? Is there any history of disputes or issues with neighbours? What are the terms of the current tenancy agreement and are there any lease restrictions?

2 Vaughan Street, Mareeba, Qld 4880 - More Details

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Positioned on a large 1,108m2 corner block within walking distance to the CBD, this 2-bedroom timber home presents an outstanding opportunity for savvy investors or renovators looking to add value.

Currently tenanted at $420 per week until April 2027, the property offers immediate rental income while you plan your future improvements or investment strategy.

The home features a weatherboard exterior with timber stumps, vinyl flooring throughout, timber internal sheeting, ceiling fans, one air-conditioning unit, and endless potential to transform into something special.

Internally, the home offers a well-appointed kitchen complete with a freestanding electric oven and cooktop, along with ample cupboard space. The layout includes a separate, generously sized dining area and an additional sitting room fitted with air-conditioning for added comfort.

The property includes two bedrooms, both fitted with ceiling fans. The home also features an internal laundry with a double sink, a functional bathroom with vanity and tiled shower, plus a separate toilet. Downstairs, there is an additional versatile space along with an internal storage cupboard, providing extra convenience and future potential.

Outside, the property includes an enclosed carport/shed, a garden shed on a concrete slab, full fencing, and ample yard space with plenty of room for future enhancements.

Property Features:
• Large 1,108m2 corner block within walking distance to the CBD
• 2-bedroom timber home with ceiling fans in both bedrooms
• Currently rented at $420 per week until 29.03.2027
• Weatherboard exterior with timber stumps and vinyl flooring throughout
• Well-appointed kitchen with freestanding electric oven, cooktop & ample storage
• Enclosed carport/shed, garden shed on concrete slab, and fully fenced yard
• Excellent renovation and investment potential in a prime location
• Rates: approx. $2,300 per 6 months

Whether you are looking to renovate, invest, or landbank in a prime location, this property is packed with opportunity.

From all of us at Mareeba Property Office, we wish you every success with your property search. For more information or to arrange an inspection of this property, please call or email us today.

Disclaimer:
We have, in preparing this advertisement, used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements contained. Photographs may have been edited for marketing purposes, and virtual staging or digitally enhanced images may be used to illustrate the potential use or presentation of spaces. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement and satisfy themselves as to the property’s features and condition.
Type
House
Bedrooms
2
Bathrooms
1
Parkings
2
Area
1,108 m²

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