5 Leichhardt Drive, GracemereQLD 4702

Positioned in an established residential area of Gracemere, 5 Leichhardt Drive presents a practical investment opportunity with immediate rental income and future growth potential. The property is currently tenanted at $540 per week until early November, providing an immediate return for investors. A current rental appraisal indicates an estimated rental range of $600-$630 per week, highlighting the potential to increase returns at the end of the current lease. The home comprises four bedrooms and two bathrooms, offering a functional layout suited to families and professionals alike. The master bedroom includes an ensuite. The open-plan living and dining area provides a practical living space, complemented by a well-positioned kitchen designed for everyday functionality. Located within easy access to local schools, shopping facilities, parks and other essential amenities, the property is well placed to attract long-term tenants seeking convenience and lifestyle. Property Features: * Four-bedroom home * Two bathrooms, including ensuite to the master bedroom * Functional open-plan living and dining area * Practical kitchen layout * Localable car garage * Currently leased at $540 per week until early November * Current rental appraisal of $600-$630 per week * Convenient location close to schools, shopping and local amenities Offering immediate income with the opportunity to improve rental returns in the near term, this property is a solid addition to any investment portfolio in the growing Gracemere market.