2 Capricorn Street, Bentley Park QLD 4869

Corner block on 692sqm | 4-bedroom with dual living | Current tenant covers holding costs | Below-market rent upside to $725/week | 2026 lease lock-in provides income certainty. The property presents a rare combination of a 692sqm corner block with a 247sqm floorplan, offering a 4-bedroom, 2-bathroom configuration that includes a master with ensuite and walk-in robe, plus two separate living areas. This layout is competitively positioned for both owner-occupiers seeking space and investors wanting tenant appeal. The current lease at $660 per week until September 2026 provides immediate income security, while the estimated rental potential of $725 per week indicates a clear path to yield improvement. The absence of bushfire, flood, or heritage overlays reduces due diligence risk, and the catchment for Isabella State School and Bentley Park College adds family buyer demand. This property best suits a buyer seeking a low-management investment with a built-in rent increase opportunity, or a family wanting a move-in-ready home with established rental history. The primary risk is the below-market current rent, which costs the buyer approximately $65 per week in forgone income until the lease expires in 2026. The corner block, while offering privacy and access, may require additional fencing or landscaping costs. The estimated market value of $768,000 to $790,000 sits above the offers-over-$700,000 listing, suggesting a potential discount if negotiated well. The 2006 last sale date means limited recent price history for comparison. The buyer should negotiate firmly based on the current tenancy constraint, then plan to reset rent to market at lease end. Hold for capital growth from the corner block scarcity and hold for rental income uplift.