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Live Upstairs, Earn Income Downstairs in the Heart of Red Hill
Normanby, Brisbane
· 5 Bedrooms · 2 Baths · House
Normanby, Brisbane · 5 Bedrooms · 2 Baths · House
What if your next home could help pay for itself? This renovated character cottage offers the opportunity to enjoy inner-city living upstairs while earning rental income from the self-contained accommodation below. Positioned in the heart of Red Hill, the property combines the warmth and appeal of a character home with a flexible layout suited to buyers who want more from their purchase. Live close to cafés, shops, public transport, QUT Kelvin Grove and the Brisbane CBD, with the potential for rent from downstairs to help pay down your mortgage. Currently configured as five individually leased bedrooms across two levels, the property is fully leased and generates $1,525 per week, or approximately $79,300 per annum. That equates to a gross rental yield of over 5% in its current configuration. Subject to the existing tenancies, a future owner could make the upper level their home and continue leasing the lower level. The income available under that arrangement would depend on the rooms l
What if your next home could help pay for itself? This renovated character cottage offers the opportunity to enjoy inner-city living upstairs while earning rental income from the self-contained accommodation below. Positioned in the heart of Red Hill, the property combines the warmth and appeal of a character home with a flexible layout suited to buyers who want more from their purchase. Live close to cafés, shops, public transport, QUT Kelvin Grove and the Brisbane CBD, with the potential for rent from downstairs to help pay down your mortgage. Currently configured as five individually leased bedrooms across two levels, the property is fully leased and generates $1,525 per week, or approximately $79,300 per annum. That equates to a gross rental yield of over 5% in its current configuration. Subject to the existing tenancies, a future owner could make the upper level their home and continue leasing the lower level. The income available under that arrangement would depend on the rooms l
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