Subdividable Property, Dual Kitchens, and Granny Flat Potential

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Property Overview:

Address: 151 Aquarius Drive, Kingston

Land Area: 1,012m²

Year Built: 1972 (Renovated)

Current Lease: Until 21/02/2025, renting at $650 per week

Council Rates: $830 per quarter + water usage

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Property Description:

Situated at 151 Aquarius Drive, Kingston, this double-story home offers an array of features ideal for investors or homeowners seeking additional income opportunities. Boasting a spacious land area of 1,012m², the property presents itself as a lucrative investment with potential for subdivision and a granny flat development.

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Key Features:

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1. Subdividable Potential: The property is subdividable according to the development guidelines set by the Logan City Council, with a minimum requirement of 500m² for the rear lot and 400m² for the front lot.

2. Granny Flat Development: There exists the opportunity to construct a granny flat of up to 100m², further enhancing the property's rental yield or accommodating extended family members.

3. Solar Panels: Equipped with 22 solar panels, the property offers energy efficiency and reduced utility costs for occupants.

4. Dual Kitchens: With two kitchens, one on each level, the property provides flexibility for multi-generational living arrangements or dual occupancy.

5. Lease Income: Currently leased until February 2025, generating a weekly rental income of $650, providing immediate returns for investors.

6. Convenient Location: Situated within proximity to schools, shopping centers, public transport, and major roadways, the property offers convenience and accessibility to essential amenities.

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Property Layout:

Upstairs:

- Three bedrooms with built-in-robes

- Renovated bathroom with bathtub and separate toilet

- Modern kitchen with appliances

- Open living and dining area

Downstairs:

- Secondary kitchen with electric appliances

- Renovated bathroom and separate toilet

- Two multipurpose rooms

- Additional living space

- Laundry facilities located at the back of the garage

- Single lockup garage

Additional Features:

- North-facing orientation

- Garden shed for storage

- Perimeter fencing for privacy and security

- Security screens installed on windows and doors

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Investment Potential:

The property presents a compelling investment opportunity due to its versatile layout, potential for subdivision and granny flat construction, reliable rental income, and convenient location. With strong demand for rental properties and a shortage of housing supply in the area, investors stand to benefit from both short-term rental income and long-term capital appreciation.

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Conclusion:

151 Aquarius Drive, Kingston, offers a unique blend of features ideal for investors seeking to maximize rental income and capital growth potential. With its subdividable land, dual kitchens, solar panels, and granny flat development opportunity, this property represents a lucrative investment in the thriving real estate market of Logan City.

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