24 Scullen Avenue, Mighell QLD 4860

Spacious dual-occupancy lot | renovated premium in modest suburb | 6-bedroom depth for flexible use | low-entry history signals strong repositioning This property enters the market as the largest and most configured house in a suburb where most sales sit below $500,000. The six-bedroom, four-bathroom layout on a near-1000m² lot with a separate rental dwelling at 24A creates rare income-support or multigenerational holding capacity. For a buyer seeking a single holding that can offset holding costs through rental income from the secondary unit, this property offers a structural advantage absent from nearby comparables. The renovation history since 2021 suggests the current owner has invested significantly, and the floor area of 247m² positions the main house well above typical local stock. It best suits a buyer with medium-term holding intent who values optionality—whether dual occupancy, extended family use, or staged subdivision. The primary risk is price relativity within a low-volume market. With only 12 house sales in the prior year and comparable lots around 900m² valued near $450,000, the premium here must be justified entirely by the renovation quality and the income unit’s condition. If the secondary dwelling at 24A is unregistered or has compliance gaps, the buyer inherits remediation cost and potential rental interruption. The 2021 purchase price of $125,000 signals the lot was acquired at distressed or undeveloped value; the current ask reflects a full repositioning, not passive appreciation. A buyer should verify all approvals for the second dwelling and inspect the renovation standard closely. Hold for cash flow from the rental unit and capital growth from scarcity of this configuration in the corridor.