24 Osborne Court, Kearneys Spring, Qld 4350 - More Details
Offers from $1m | Investors: 7.28% p.a. rent yield
"THERE ARE INVESTMENT PROPERTIES that promise what they COULD become."
"AND THEN there are investment properties where the work has already been DONE!"
"24 OSBORNE COURT in Kearneys Spring in Toowoomba, QLD is the latter," says selling agent Jacqui Walker.
CURRENTLY PRODUCING $1,400.00 GROSS RENT PER WEEK - that's $72,800.00 per year - this Home on a NORTH-facing 680 Sq Mtr Kearneys Spring Allotment 2.3km to the University has been deliberately configured as a 5 Bedroom CO-LIVING HOME, with all five bedrooms currently occupied. At the 'Offers From' price, the $1,400.00 per week income represents a 7.28% gross rental return, compared with the approximately $600.00 per week median house rent for standard home and the 3.8% suburb rent yield in the area.
OUTGOINGS such as rates, water and insurance are further below.
ARE YOU AN INVESTOR specifically seeking high-yield accommodation income?
"Here, you wouldn't be buying a conventional family home and then facing all the hard work of creating a co-living model, finding residents, furnishing rooms, establishing management and working out whether the system actually works," says Jacqui Walker.
"Instead, you inherit an operating system that is already running!!"
"The difficult part has already been done," says Jacqui Walker.
"The rooms are occupied ... the management is in place ... the property is furnished ... and the income is being produced. A buyer is stepping into something that is already functioning."
5 BEDROOMS. 5 INCOME STREAMS. $1,400.00 EVERY WEEK:
Current weekly income:
::: Room 1 - $310
::: Room 2 - $300
::: Room 3 - $280
::: Room 4 - $250
::: Room 5 - $260
Every room has a bond held, with lease arrangements currently extending at various dates through to late July 2027.
When a resident chooses not to renew, the appointed local property manager advertises the room - and the rooms have typically been filling within one to two weeks.
"This isn't some unproven idea," says Jacqui Walker.
"There is an established leasing process behind the income!"
"And the most recent routine inspection reported the property to be well maintained, with residents looking after it."
"That matters," says Jacqui.
"A strong rental return is one thing. A well-run property, with good residents and responsive local management, is another. This is an investment where the operation behind the income is already established."
IT STILL FEELS LIKE A HOME:
The numbers may be what bring an Investor here, but the physical property is what makes the model work.
"From many of the windows, the view is wonderfully green - established gardens and leafy outlooks bringing a lovely sense of calm to the everyday."
Then, the Living space has been arranged around five individual Bedrooms rather than traditional family-house living, with each resident having a private room while sharing a generous central living environment.
The Home has been furnished throughout to a consistent standard for long-stay residents.
The kitchen sits openly alongside the family room, with generous preparation space and direct visual connection to the covered outdoor living area.
"And that outdoor area is more than a boring patio," says Jacqui Walker.
"7.4m x 3.8m of covered communal space, overlooking the established rear gardens and lawn, creates somewhere residents can actually sit, eat and relax."
There is also a main bathroom, a separate toilet and a second shower/toilet facility adjoining the laundry room, providing useful separation across a five-room arrangement.
ADVANTAGES OUTSIDE:
The 36 Sq Mtr DETACHED SHED at rear is a double-bay garage that's Council approved, with certified plans on file.
The SOLAR installation is certified.
There is also a double front Carport with security grille and secure straight-forward vehicle access to the detached shed.
The gardens are established and there is a RAINWATER TANK.
CLOSING THOUGHTS:
- 5 occupied rooms
- $1,400 income per week
- A furnished and ESTABLISHED co-living model
- An off-site Property Manager in place
"I think the real attraction is its completeness," says selling agent Jacqui Walker.
"The current Owner has already spent the time finding the right configuration, furnishing it, leasing the rooms and getting the management working properly. You don't have to start at the beginning."
NEXT STEPS:
"24 Osborne Court isn't waiting to become an investment," says Jacqui Walker.
"It ALREADY IS one - and it's OUT-PERFORMING median rents by well OVER DOUBLE, and yields in the area by ALMOST DOUBLE."
Night and day, The Jacqui Walker Team is here to confirm your desired inspection time or to answer your questions. Please call, inbox or SMS us any time. We are always listening. SEE SWIFTLY.
***USEFUL INFO:
- Outgoings:
::: Recent General Rates: $1,862.18 net 1/2 yr
::: Water Infrastructure Charge: Generally $377.41 net per half-year + consumption
::: Insurance: Specific to their needs, the Owner currently maintains building insurance with Auto & General Insurance Company Limited (ACN 111 586 353), trading as Budget Direct.
::: Maintenance and Upkeep to ensure compliance as a Landlord, and ongoing attractiveness
- RPD: Lot 69 on Registered Plan RP856571
- LGA: Toowoomba Regional Council
Image Integrity: Please note that some images have been virtually staged and digitally enhanced within reasonable limitations. These images reflect the gardens and overall presentation of the project at time of completion before first tenant moved in. AT THE MOST RECENT ROUTINE INSPECTION, the Property Manager reported the property to be well maintained, with residents looking after it.
- Disclaimer: All care taken, however you are encouraged to independently verify all photography, figures, measurements and indications.
- Type
- House
- Bedrooms
- 5
- Bathrooms
- 2
- Parkings
- 4
- Area
- 680 m²
