68 Clarendon Circuit, Forest Lake QLD 4078

Low-set brick home | 448m² block | tenant paying $540pw until mid-2026 | strong owner-occupier street This property sits in a well-regarded Forest Lake pocket where 75% of Clarendon Circuit residents are owners, not renters—a signal of street stability that typically supports resale demand. The fixed lease through June 2026 offers immediate income certainty, which is competitively rare in a market where many listings come vacant. The floorplan is practical: three bedrooms, two bathrooms, main with ensuite and walk-in robe, plus a covered patio and low-maintenance yard. It suits an investor seeking a turnkey holding or a buyer wanting to move in after the lease ends, with schools and shopping within walking distance. The main risk is price discovery. The last sale was in 2003, and while one estimate suggests around $1.04m, a neighbour on the same street sold for $880k—indicating the vendor’s expectation may be aspirational. The buyer should test value against comparable recent sales, not automated valuations. The property is not renovated, so any premium must be justified by the lease income and street quality. For an investor, the $540pw rent gives a gross yield near 2.7% at $1.04m, which is below typical thresholds; a purchase closer to $900k improves the math. For an owner-occupier, the hold strategy is simple: move in when the lease ends, enjoy the location, and let the street’s owner-occupier character underpin long-term value.