37 Ridley Road, Kirwan QLD 4817

High-set Kirwan family home | renovated main bathroom | tenants in place to 2027 | private balcony off master bedroom This property presents a competitive buying case for a buyer seeking immediate rental income in a well-located Kirwan pocket. The high-set design is a practical advantage for North Queensland climate resilience and ventilation, while the renovated main bathroom and four air-conditioned bedrooms reduce immediate capital outlay. The existing tenancy at $520 per week through to February 2027 provides a secure income stream from day one, making this a low-management hold for an investor. The position near schools and Riverway Lagoons supports ongoing tenant demand. The main risk is the lease locking in below-market rent if values rise, capping yield growth until renewal. The asking price sits within a wide valuation range, so a buyer should verify comparable sales to avoid overpaying for the current income. Opportunity lies in the high-set design allowing future undercroft conversion or storage use, adding value without structural change. For an investor, hold the tenancy, review rent at renewal, and consider cosmetic upgrades to the remaining bedrooms to lift long-term capital position.