44 Railway Street, Booval, Qld 4304

Positioned on a generous 1,008m² allotment, this is a rare dual-income opportunity in a convenient location, offering immediate holding income, value-add potential and potential future development upside.

Comprising two x two-bedroom, one-bathroom timber workers' cottages configured as two flats, the property provides excellent flexibility. One cottage is currently tenanted at $350 per week, while the second is vacant and was previously leased at $360 per week, providing a potential combined rental return of $710 per week. The layout also offers the opportunity to occupy one residence while leasing the other.

The cottages are in original, well-worn condition and present an excellent opportunity for buyers looking to renovate, improve or simply retain as holding income while planning for the future. With a history of consistent occupancy and strong tenant demand, the property has demonstrated its investment appeal in a sought-after rental location.

Each cottage features a functional layout with high ceilings, separate kitchens, living areas, bathrooms and private outdoor areas. A shared laundry is located at the rear of the property. A single lock-up garage and ample off-street parking add to the property's practicality.

Positioned towards the front of the allotment, the existing dwellings leave a substantial expanse of land at the rear, the site offers potential for future redevelopment or additional dwellings, subject to the appropriate council approvals.

Conveniently located within walking distance of Booval Train Station, bus services and Booval Fair Shopping Centre, the property is also close to Ipswich Girls' Grammar School, other quality schools and the Ipswich CBD. Brisbane is less than 40 minutes away, making this an attractive location for investors, future owner-occupiers and developers alike.

Property Features:

* 1,008m² allotment
* Two x two-bedroom, one-bathroom timber workers' cottages configured as two flats
* One cottage currently leased at $350 per week
* One cottage now vacant, previously achieving $360 per week
* Potential combined rental return of $710 per week
* Original, well-worn, cottages with renovation or value-add potential
* Separate kitchens, living areas and bathrooms
* Private backyards
* Shared laundry at the rear
* Single lock-up garage plus additional off-street parking
* Dwellings positioned at the front of the block, leaving a substantial rear landholding
* Opportunity to live in one residence while renting the other

Whether you're seeking immediate rental income, a value-add renovation project, a strategic landholding or a site with exciting future development potential, this versatile property offers outstanding flexibility. Opportunities combining dual-income potential, and generous land size are becoming increasingly difficult to find.

For more information, contact Lea-Anne Rossiter on 0408 393 779.

Disclaimer: Please note that some of these images have been digitally styled to showcase the potential of the property, providing a glimpse into how it could look when furnished. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Type

House

Bedrooms

4

Bathrooms

2

Parkings

4

Area

1,008 m²

House Size

74 m²