6 Miller Street, Blackbutt QLD 4314

3 bed | 809m² | tenanted to Jan 2027 | no flood or bushfire overlay The property’s competitive strength lies in its combination of a large 809m² block with low 33% building coverage, offering rare expansion or subdivision optionality in a tightly held area. The current tenancy at $270/week stepping to $390/week from July 2026 provides immediate income, while the estimated $433,000 valuation suggests a modest discount to the asking range. This house best suits an investor seeking a secure, cash-flow-positive entry into a regional market with limited turnover, or a future owner-occupier willing to wait for vacant possession. The primary risk is the fixed lease until January 2027, which locks out owner-occupiers and caps rental upside at $390/week for that period. The $465-$565/week potential rental income after vacancy indicates significant re-leasing opportunity, but the buyer must absorb the below-market rent for over a year. The wood fireplace and air conditioning are functional assets, but the single bathroom and 2009-era condition suggest no recent capital improvements. Hold for the lease expiry, then either reposition for owner-occupation or re-lease at market rates to capture the $175/week gap.