147 Simpson Street Winston QLD 4825

Fixed lease lock-in | sliding rental upside | pool upkeep cost | remote location liquidity | 8.5% yield masks thin margin The fixed lease at $580 per week until March 2027 provides a reliable base yield near 7%, but caps any near-term rental growth in a market where comparable properties achieve higher weekly returns. The pool and large block add maintenance liabilities that erode net income-factor $3,000–$5,000 annually for upkeep, reducing effective yield closer to 6.5%. In a remote market like Mount Isa, resale liquidity is weaker; holding periods may extend beyond five years. If you need immediate cash flow and can absorb holding costs, this is a hold-for-income property-not a flip or rapid appreciation play. The 8.5% suburb rental yield and 3.6% growth profile are strong for regional Queensland, and the existing lease eliminates vacancy risk through early 2027-rare for an investor. Modernised interiors with stone benchtops, split-system air, and a fenced pool appeal to the tighter end of the rental pool: professionals or families seeking long-term tenure. The property best suits a buyer prioritising steady passive income over capital gains, who is prepared to manage the pool and accept lower liquidity. To verify your net return after all costs, request a twelve-month cash flow projection from the agent-this will confirm whether the yield holds up under realistic expenses.