18 Banning Avenue, Brinsmead QLD 4870
Positioned on a substantial 740m² allotment, this highly adaptable property presents an uncommon opportunity for investors seeking immediate income, flexible accommodation and future value-add potential.
Unlike a conventional family home being promoted solely on lifestyle, 18 Banning Avenue is already operating as an income-producing property. The rooms have been privately managed under a combination of shorter and longer-term arrangements, generating more than $1,200 per week when occupied, based on information supplied by the seller.
The residence has undergone extensive updates and does not require renovation to begin producing income. Any future improvements may be considered an additional opportunity to enhance the property rather than a requirement to make the investment viable.
Offering approximately 206m² under roof, the layout includes three bedrooms downstairs and a private upstairs retreat featuring a bedroom, walk-in wardrobe and ensuite. Multiple living areas, three bathrooms and several access and parking options support a variety of accommodation arrangements.
Investment Highlights
Existing room-by-room income exceeding $1,200 per week when occupied
Combination of shorter and longer-term rental arrangements
Current room rents, occupancy details, inclusions and approximate expenses available for review
Updated and already operating as an income-producing property
Flexible configuration suited to investors, extended families or shared accommodation
Potential to further improve income, presentation or operational efficiency
Four bedrooms, three bathrooms and multiple living areas
Private upstairs retreat with bedroom, walk-in wardrobe and ensuite
Updated kitchen with gas cooking, generous storage and ample workspace
Resort-style concrete swimming pool
Split-system air-conditioning and security screens
Large solar-power system to assist with energy costs
Single enclosed garage plus multiple off-street parking spaces
Established gardens and a spacious backyard
Private position with no immediate rear neighbor
Convenient access to schools, shopping, transport and Brinsmead amenities
Property Details
Building type: House
Year built: Approximately 1990
Land size: 740m²
Floor area: Approximately 206m²
Bedrooms: 4
Bathrooms: 3
Parking: 3 spaces
Lot/Plan: Lot 56 on RP742536
Local authority: Cairns Regional Council
Council rates: Approximately $3,703.46 per annum
More Than a Home – An Established Income Opportunity
This is a property for buyers who understand the value of an adaptable layout and an existing income stream. It may appeal to experienced investors, interstate purchasers, shared-accommodation operators, extended families and buyers seeking a residence with multiple living options.
A detailed investor information memorandum outlining the room-by-room income, occupancy, inclusions and approximate expenses can be provided to genuine buyers upon request.
Contact Team Five Rivers on 1800 266 001 to arrange an inspection or request further investment information.
Income, occupancy and expense information has been supplied by the seller and is subject to change. Buyers should undertake their own enquiries regarding the property’s income, approvals, intended use and investment suitability.