10 Stephanie Street Rasmussen QLD 4815

Court position | no rear neighbours | tenanted $500/wk to 2027 | 600m² block | 1985 lowset This property offers a rare combination of immediate income security and future land value. The tenancy until March 2027 at $500 per week provides a reliable yield without vacancy risk, unusual for a single dwelling. The 600m² lot in a quiet court with no rear neighbours gives a buyer positional advantage: low ongoing maintenance, privacy, and potential for future subdivision or development in a suburb where 35% of residents are under 20 and 38% are aged 20-39, indicating strong rental demand. The 1985 build is straightforward to maintain, and the 90m² floorplan suits a tenant profile of young couples or small families. This property best suits a buyer seeking a hands-off investment with a clear hold period. The main risk is the fixed rent until 2027, which caps income growth in a rising rental market. The buyer pays for this security through below-market reversion potential. No recent valuation data is available, so the purchase price must be benchmarked against the 2019 sale of $160,000 and the 2022 resale. The property’s age means capital expenditure on roof, plumbing, or wiring should be budgeted within a five-year horizon. The opportunity lies in the land: a 600m² corner or rear-block site in a young-growth suburb may support a duplex or granny flat application post-tenancy. Hold for the lease term, then reassess for value-add or subdivision.