77 Edington Street, Berserker QLD 4701

Fully renovated | 544m² low-maintenance block | 5-min to major shops & schools | Strong rental yield potential This property presents a competitively strong proposition due to its complete renovation and practical layout on a substantial, low-maintenance block, a combination that is rare in its immediate market. The modernised interior with air conditioning and a walk-in pantry delivers immediate livability, eliminating renovation risk and expense for an owner-occupier while offering a premium rental product for an investor. Its positioning within minutes of Northside Plaza, Stockland Rockhampton, and multiple schools, including the catchment for Berserker Street and North Rockhampton State High, cements its appeal to families and provides a durable tenant base. The configuration edge of a potential fourth bedroom or study, alongside a modern main bathroom and second toilet, enhances its functional utility beyond the typical three-bedroom stock. The decision hinges on reconciling the asking price with recent sales and inherent suburban dynamics. The primary risk mechanism is paying a significant premium for the renovation in a suburb where capital growth has been strong but may not sustain the 22% annualised rate; the $549k ask sits notably above the estimated high value of $510k and the previous 2025 sale of $341k, demanding scrutiny. The commercial logic is clear for an investor, where the estimated $500 per week rental against a $451k valuation implies a robust gross yield near 5.7%, exceeding the suburb average. Given the reliable 5G and NBN connectivity, lack of environmental overlays, and strong rental demand signals, this property is best acquired at a negotiated discount to its list price and held as a long-term rental, leveraging its move-in ready status to secure immediate income while banking on the land component and location for gradual appreciation. * **269A Lakes Creek Road, Koongal** – Sale price not specified. * **267 Elphinstone Street, Koongal** – Sale price not specified. * **6 Princess Street, Berserker** – Sale price not specified. * **6 Bertram Street, Park Avenue** – Sale price not specified. * **23 Oshanesy Street, Koongal** – Sale price not specified. * **15 Carara Drive, Kawana** – Sale price not specified. * **280 Dunbar Street, Koongal** – Sale price not specified. * **290 Blanchfield Street, Koongal** – Sale price not specified. * **163 Gair Street, Frenchville** – Sale price not specified. * **4 Labanka Close, Frenchville** – Sale price not specified. While direct sale prices are unavailable, the volume of comparable transactions in adjacent suburbs like Koongal, Frenchville, and Kawana provides a active market benchmark, suggesting the renovated condition of 77 Edington Street justifies a price premium over unrenovated homes, but it must be measured against these recent sales to avoid overcapitalisation.