5 Banksia Street, Point Vernon, Qld 4655

Positioned just moments from the Esplanade in the highly sought-after seaside suburb of Point Vernon, this charming property offers an exceptional opportunity to secure a large coastal block with immediate income and future potential.

Set on a generous 908m² block with side access, the property features a solid 135m2 2-bedroom brick home that has benefited from recent updates, creating a comfortable and low-maintenance residence close to the water.

Inside, the home offers a light-filled open plan living and dining area with air-conditioning, a recently renovated kitchen and laundry, and two spacious bedrooms complete with built-in wardrobes. New window furnishings, updated lighting, and modern improvements add to the home's overall appeal.

Adding further versatility is the renovated and air-conditioned 44m2 rear retreat, providing the perfect space for a studio, home office, guest accommodation, or additional living area.

The property is currently tenanted on a periodic basis at $590 per week, making it an attractive option for investors seeking immediate rental income while securing a well-positioned coastal asset. The renewal rent appraisal guidance is $650-$680 per week.

With Esplanade views, generous land size, and close proximity to the waterfront, properties in this location are tightly held and increasingly sought after.

Property Highlights
- Solid 2-bedroom brick home with built-in wardrobes
- Renovated kitchen and laundry
- Open plan lounge and dining with air-conditioning
- New window furnishings throughout
- Updated lighting and electrical improvements
- Renovated and air-conditioned rear retreat/studio
- Large 908m² block with side access
- Steps from the Esplanade with water views
- Currently leased periodically at $590 per week
- Potential to increase rent at lease renewal to $650-$680 per week

Whether you're looking for a coastal investment, land bank opportunity, or future lifestyle property, this is a rare chance to secure a prime position in Point Vernon.

Contact Selling Agent Shane Bradbury from Active Agents today for further information.

DISCLAIMER: All information provided has been compiled with care, but relies on third-party sources and is not guaranteed. Active Agents makes no warranty as to its accuracy or completeness. Property boundaries shown are indicative only-refer to official survey plans for precise details. Images are for illustrative purposes. Buyers are advised to conduct their own investigations and seek independent advice.

Type

House

Bedrooms

2

Bathrooms

2

Parkings

2

Area

908 m²

House Size

135 m²