Positioned on a large 1,108m2 corner block within walking distance to the CBD, this 2-bedroom timber home presents an outstanding opportunity for savvy investors or renovators looking to add value. Currently tenanted at $420 per week until April 2027, the property offers immediate rental income while you plan your future improvements or investment strategy. The home features a weatherboard exterior with timber stumps, vinyl flooring throughout, timber internal sheeting, ceiling fans, one air-conditioning unit, and endless potential to transform into something special. Internally, the home offers a well-appointed kitchen complete with a freestanding electric oven and cooktop, along with ample cupboard space. The layout includes a separate, generously sized dining area and an additional sitting room fitted with air-conditioning for added comfort. The property includes two bedrooms, both fitted with ceiling fans. The home also features an internal laundry with a double sink, a functional bathroom with vanity and tiled shower, plus a separate toilet. Downstairs, there is an additional versatile space along with an internal storage cupboard, providing extra convenience and future potential. Outside, the property includes an enclosed carport/shed, a garden shed on a concrete slab, full fencing, and ample yard space with plenty of room for future enhancements. Property Features: • Large 1,108m2 corner block within walking distance to the CBD • 2-bedroom timber home with ceiling fans in both bedrooms • Currently rented at $420 per week until 29.03.2027 • Weatherboard exterior with timber stumps and vinyl flooring throughout • Well-appointed kitchen with freestanding electric oven, cooktop & ample storage • Enclosed carport/shed, garden shed on concrete slab, and fully fenced yard • Excellent renovation and investment potential in a prime location • Rates: approx. $2,300 per 6 months Whether you are looking to renovate, invest, or landbank in a prime location, this property is packed with opportunity. From all of us at Mareeba Property Office, we wish you every success with your property search. For more information or to arrange an inspection of this property, please call or email us today. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
RealistIQ deal score
Strong value signal
91
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 2 Vaughan Street, Mareeba before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is 20%+ below RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $376,000 - $625,000Wider ranges mean more uncertainty.
RealistIQ estimate$501,000
Market price guide$300,000
$376,000$625,000
Before you inspect, check what similar properties actually sold for.
