145 Folkestone Street, Stanthorpe QLD 4380

3-bed house, 837m² block, tenanted to Sep 2026 | 25% site coverage, rumpus room, workshop | Stanthorpe catchment, no overlays | recent refresh, new roof The property’s competitive strength lies in its low site coverage and dual living areas, offering expansion potential without immediate development risk. For a buyer, the 206m² building with a rumpus room and workshop provides a rare configuration for a standard 3-bedroom house, improving rental appeal and future resale. The tenancy at $470 per week through September 2026 secures income stability, and the recent paint and new Colourbond roof reduce near-term capital outlay. This house suits an investor seeking a low-maintenance holding in a growing regional market. The primary risk is the fixed tenancy, which limits owner-occupier conversion or vacancy-based renovation for two years, potentially capping capital growth if market conditions shift. The estimated value range of $540k–$593k suggests the $600,000 list price is at the upper bound, meaning the buyer pays a premium for immediate income. Opportunity lies in leveraging the shed and workshop for added storage or hobby use, which can command higher rent upon lease expiry. Hold this property for steady yield and moderate capital appreciation, with a view to reassess at lease end.