58 Steelwood Street, Heathwood QLD 4110

Lowset 2011 house | 3–4 bed, 2 bath | 417sqm block | Tenanted at $780pw until Jan 2027 | Bushfire overlay present This property offers a rare combination of a modern, low-maintenance floorplan and a secure, above-market rental yield in a growth corridor. The 248sqm building with two living areas and a covered patio is competitively configured for tenant appeal, while the 2011 construction reduces immediate capital outlay for repairs. For an investor seeking passive income with minimal management burden, the existing tenancy until 2027 provides immediate cash flow certainty. The buyer gains a foothold in Heathwood’s rising demand zone, supported by school catchment and 5G connectivity, without paying a premium for land size. The bushfire overlay introduces a specific risk that may narrow the buyer pool and affect future resale velocity, though no flood or heritage constraints apply. The 417sqm block limits subdivision potential, so capital growth relies on area appreciation rather than land banking. The opportunity lies in holding for steady rental income while the suburb matures, with the option to adjust rent at lease renewal. This property should be held as a long-term rental for reliable returns, not flipped.