Versatile Queenslander with strong returns and future potential

Why you’ll love it:
Set on a generous 810sqm in one of Virginia’s most gentrified pockets, this Queenslander offers timeless character and excellent investment appeal. With high ceilings, a built-in verandah, and polished timber floors, it blends classic features with immediate liveability and rental income security.

Currently configured as three separate flats and fully tenanted until mid-2026, this property generates $1,325 per week—giving you the freedom to plan a future renovation or redevelopment without financial pressure. Whether you’re seeking a high-performing asset or a long-term family home site, this one delivers both options.

Key features:
– Quiet and flood-free Virginia street lined with new builds
– Classic Queenslander style with charming street presence
– 810sqm block with subdivision or extension potential
– High ceilings and timber floors create airy, warm interiors
– Light-filled living spaces with built-in verandah charm
– Functional kitchens with gas cooking in each flat
– Five well-proportioned bedrooms across three flats
– Three neat bathrooms, one for each residence
– Separate outdoor areas for all three dwellings
– Large yard exclusively for the main upper-level residence
– Solid rental income of $1,325/week until mid-2026
– Annual return exceeding $68,000
– Air conditioning for year-round comfort
– Attractive gentrified setting with easy growth prospects
– Off-street parking for two+ vehicles

Best suited for:
Buyers seeking a blend of classic charm and modern opportunity – whether to land bank, invest, renovate, or develop in a high-growth suburb.