84/37 Mulgrave Road Marsden QLD 4132

Current rental income $575pw | Listed $719k | Secure tenant through Feb 2027 | Investment-focused complex This three-bedroom townhouse unit in an established complex suits investors prioritising steady rental returns and minimal management overhead over capital growth potential. The property sits within a managed strata scheme offering shared amenities including a swimming pool and BBQ facilities, which typically appeals to investor-owner cohorts seeking low-maintenance holdings. Currently leased at $575 per week with the tenant secured until February 2027, the property demonstrates the rental yield profile that characterises this price point in Marsden’s unit market. The asking price of $719,000 against a current weekly rent suggests a gross yield in the 3.8 to 4 percent range, positioning it within the mid-to-conservative yield band for Brisbane’s outer suburbs. The last recorded sale occurred in 2015, meaning there is limited recent comparable data for this specific unit, though similar three-bedroom townhouses in the complex have estimated values ranging from around $653,000 to $693,000. The property carries both bushfire and flood overlays, which may influence insurance premiums and borrowing conditions despite the location’s general residential stability. Access to NBN Fibre to the Curb and 5G mobile coverage addresses modern connectivity expectations. The single car space is a practical constraint for households with multiple vehicles, though typical for townhouse configurations in this segment. Properties in this complex tend to attract owner-occupiers seeking entry-level holds and investor buyers comfortable with modest but predictable returns rather than speculative appreciation. The combination of existing tenancy, secure lease tenure, and streamlined body corporate arrangements positions this unit as a straightforward hold for investors focused on income stability rather than renovation or development upside.