3 Cork Hill Street, Rochedale South QLD 4123

Corner block | tenanted to Sep 2026 | solid brick lowset | dual living areas | Springwood catchments. This property presents a competitively strong proposition as a low-maintenance, income-producing entry into the Rochedale South market. Its solid brick construction on a large corner block offers durability and side access potential, while the existing tenancy provides immediate rental coverage through September 2026, de-risking the initial holding period. The configuration with two living areas and a versatile bonus room exceeds the standard offering for a three-bedroom house of this vintage, catering effectively to a small family or an investor seeking a property with flexible floorplan appeal. Its position within the Springwood school catchments anchors its demand profile among owner-occupiers, supporting long-term capital stability. Proceed with the understanding that the 1986 build likely necessitates a thorough building and pest inspection, with potential capital allocation for dated system updates. The single bathroom represents a functional limitation against newer stock, subtly capping its premium resale appeal. The commercial logic lies in acquiring a tenanted, structurally sound house on a substantial block in an established suburb, using the secured income to offset costs while benefiting from the land component. This property is a hold for the medium term; an investor should retain the tenant for income continuity, while an owner-occupier should plan a strategic renovation post-lease to modernize the bathroom and kitchen, thereby unlocking its full value. Nearby sales context includes 4 Cork Hill Street, a 3 bed, 2 bath house last transacting privately in 2020, and current estimated values on the street ranging from approximately $1.07m to $1.19m for comparable land sizes. This positions the listed $975,000 plus buyers cost as a relative entry point, acknowledging the value adjustment for its single bathroom and original condition.