flood overlay
97 Sherwood Road, Rocklea
Listing data updated 16 Aug 2026
6 bed7 bath6 car498 m² land
- To enquire, please email or call 1300 815 051 and enter code 4144 FOR SALE – 1 Bed | 1 Bath | 1 Car 16.7% Ownership Share – Tenant in Common Title Price: $250,000 A rare opportunity to purchase one private room in a purpose built 6-bedroom 7-bathroom, 6 carpark co-living home, held under a Tenants in Common (TIC) title structure. Only 1 out of 6 shares is available. This is ideal for: • First home buyers • Low deposit owner occupiers • Investors seeking high rental yield • Buyers wanting affordable entry into Brisbane property The buyer will have option to select any one of the 2 combinations of room & under cover remote controlled carpark for 16.7% shareholding as Tenant-in-Common. Option 1 (Room 3 & left Carpark), Option 2 (Room 4 & Right carpark). 16.7% SHARE INCLUDES • Private bedroom • Private ensuite bathroom • Built in wardrobe • Allocated car park. SHARED COMMON AREA • Large kitchen • Spacious living and dining areas • Laundry • Outdoor spaces • 7th Bathroom / Toilet in downstairs • Large common areas in downstairs The home is designed for comfortable co living with privacy for each room. HIGH RENTAL RETURN • Net Rent: $270/week per room • Utilities: Tenant pays 1/6th share of electricity, gas, internet, water o Utility typically $30–$40/week/room • Gross Rent: $300–$310/week per room This provides a strong yield for investors and excellent affordability for owner occupiers. $0 DEPOSIT OPTION FOR OWNER OCCUPIER (Subject to bank approval) The seller offers a maximum of $50,000 limited guarantee to the bank, allowing eligible owner occupiers to purchase with zero deposit subject to conditions. • Once buyer pays $50,000 to the bank as deposit, the vendor’s guarantee is released, and the owner occupier condition is removed. FINANCIAL INFORMATION The vendor is open to discussing guaranteeing part or full 20% of the deposit for eligible purchasers, subject to independent bank assessment and approval. All lending decisions remain solely with the financial institution. Prospective buyers should obtain their own independent financial and legal advice. Inspection & Interview For eligibility of 0-20% initial deposit guarantee by the vendor, following conditions are to be met: 1. Subject to bank approval 2. To live in the room as owner occupier until the vendor’s guarantee on the loan is applicable WHY THIS IS PERFECT FOR YOU • Affordable entry point: $250,000 for legal property ownership within 10km form Brisbane (Queen st mall) • Live together now: Enjoy your own private rooms plus shared living spaces + dedicated car space • Grow together later: Buy additional rooms (16.7% shares) as and when you can afford. Just approach the owner the current seller. • Build long term wealth: Increase your ownership percentage over time • Flexible future: Rent out your rooms later if your circumstances change This is one of the few properties in Brisbane designed to allow incremental ownership growth. ABOUT THE PROPERTY Built in 2006 on a 498 m² block, the home—named “FRIENDS”—was originally designed for three couples to share during retirement. Its layout is ideal for co living, offering: • Six en-suited bedrooms • Multiple living areas • Excellent privacy between occupants • A spacious downstairs living area flowing to outdoor entertainment zones CONTACT To arrange a viewing or discuss more, please get in touch. ======== Why You Must Live in the Property to Get the Zero Deposit Benefit This is a hypothetical example to show why living in the room you buy makes the loan affordable Here is the full example: Weekly Comparison – Renting vs Owning (Living in the Room) Item Renting Owning (Living in the Room) Your net income $800 $800 Rent you pay $270 $0 Utilities $30 $30 Total housing cost $300 $30 Other expenses $300 $300 Your weekly savings $200 $470 Your Loan (EMI) • Loan amount: $250,000 • Interest rate: 6% • Loan term: 20 years • Monthly repayment (EMI): $1,792 • Yearly repayment: $21,743 Your Savings After Paying EMI Situation Yearly Savings After EMI Renting –$11,343 (not affordable) Owning (living in the room) +$2,697 (affordable) Simple Explanation (What the Example Shows) 1. Renting is not affordable If you rent elsewhere: • You save only $200/week • You cannot afford the EMI • You end up –$11,343/year • The bank will not approve 100% finance • The seller cannot give the 20% guarantee 2. Living in the room makes owning affordable If you live in the room: • You save $270/week rent • Your savings increase to $470/week • You can afford the EMI • You end up +$2,697/year • The seller can safely give you the 20% deposit guarantee 3. This is why living in the property is required The whole zero deposit system works only because your rent saving makes the loan affordable. The Negative You must live in the room. If you move out: • You lose the rent saving • Your savings drop • You cannot afford the EMI • The bank will not allow zero deposit finance • The seller’s 20% guarantee must be removed • You must provide your own 20% deposit to continue the loan To enquire, please email or call 1300 815 051 and enter code 4144
RealistIQ deal score
Strong value signal
91
/100
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RealistIQ estimate range: $778,000 - $1,275,000Wider ranges mean more uncertainty.
RealistIQ estimate$1,027,000
Market price guide$250,000
$778,000$1,275,00012-month Property Outlook
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Property features
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Comfort
EnsuiteBathBuilt-in wardrobes
Kitchen & utilities
Internal laundryGasBroadband internet
Listing details
- Status
- $250,000
Agent and agency
larger landflood discount
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