304 East Street, Depot Hill, QLD 4700
Positive Cashflow/High Yield
Property For Sale
Estimated For Rent
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About the Property
Classic highset gable home ready for you.
This charming two-bedroom gem sits proudly on a level 506 m2 allotment in Depot Hill, within a heartbeat of the city center. Boasting an 8.3% gross rental return, it’s an ideal investment opportunity or a cozy haven to call your own.
Step inside and discover:
A sun-drenched open-plan living area leads to a private rear deck, perfect for alfresco dining and weekend unwinding.
Modern kitchen with a brand new gas stove, ready to unleash your inner chef.
Two comfortable bedrooms for restful nights.
a sparkling bathroom with a shower over a 900 x 900 bath and a separate toilet.
Convenient semi-internal stairs lead to the lower level, revealing a concrete garage, laundry, and storage space.
a spacious 6m x 6m shed with roller doors for all your storage needs.
Ceiling fans and air conditioning for year-round comfort.
Currently tenanted to excellent tenants at $320 per week, making it a hassle-free investment.
Live easy, invest smart, thrive in Depot Hill. This home ticks all the boxes, so don’t miss out!
From the realestate.com.au listing
About the Suburb
Depot Hill is a suburb located in QLD 4700 with a population of 995 residents. The age group with the highest population is individuals aged 5 to 19 years, followed by those aged 45 to 64 years. The suburb offers a mix of demographics, including families, professionals, technicians, tradeworkers, and sales workers. Commuters mostly rely on motor vehicles for transportation, although there is also a significant number of residents who choose to work from home.
Depot Hill has a median house price of $209,000, making it an affordable option for homebuyers and investors. The suburb has shown steady growth with a median growth rate of 11.8%. The rental market in Depot Hill is also attractive, with a median rental price of $365 per week and a rental yield of 8.6%. The vacancy rate is low at 0.7%, indicating high demand for rental properties. Renovators might find opportunities in Depot Hill due to the high sale price IQR ratio of 34.2%. The market absorption rate is 29.4%, suggesting a seller’s market. Online search interest in the suburb is also significant, indicating strong buyer demand.
Depot Hill, QLD 4700 offers an affordable and attractive property market for both homebuyers and investors. The suburb has a diverse demographic mix and offers a range of amenities such as shopping, education, and public transport. With a low vacancy rate, high rental yield, and steady growth, Depot Hill presents opportunities for investors seeking rental properties. Renovators may also find potential in the suburb. Overall, Depot Hill is a suburb to consider for those looking for affordable properties with growth potential.
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022