28 Guildford Street, Kelvin Grove

Solid brick below, classic weatherboard above and two separate living spaces under one roof. This is the kind of Kelvin Grove opportunity investors and savvy owner-occupiers go looking for. Downstairs is already tenanted at $500 per week. Upstairs is vacant and ready, with a rental appraisal of $650 to $720 per week. You could live upstairs and let the rent help with the mortgage, lease both for dual-income potential, or hold and add value over time.

Upstairs, the original home has three bedrooms, a bathroom, separate living and dining rooms and a kitchen. A wraparound deck looks out into the treetops. Timber floors, VJ walls, fretwork archways and coloured-glass doors mean the character is all there. It's ready to be restored to its best. Downstairs, the freshly updated two-bedroom residence has its own front entry, timber-look floors, a modern kitchen with gas cooking, and access to a covered outdoor area and fenced backyard.

The tenant pool here runs deep. QUT students, UQ medical students, doctors and hospital staff all want to live this close to campus, the Herston health precinct and the city. Add the scope to refresh the weatherboard facade, renovate upstairs and further improve the property (STCA), and there's plenty of upside still to unlock.

Key Property Features:

Brick-and-weatherboard home with two separate living areasSolid brick lower level, weatherboard upper level and gabled roofDual-income potential - lower level currently tenanted at $500 per weekUpper level vacant - rental appraisal $650 to $720 per weekUpstairs - three bedrooms and one bathroomUpstairs - separate living and dining rooms plus kitchenTimber floors, VJ walls and decorative fretwork archwaysColoured-glass doors and enclosed front sunroomLarge wraparound deck with a leafy outlookDownstairs - two bedrooms, one with a sliding built-in robeDownstairs - updated kitchen with white gloss cabinetry, subway tile splashback, gas cooktop and stainless steel wall ovenDownstairs - timber-look flooring and its own front entryCovered outdoor area with brick surroundsFenced, lawned backyard with clothesline and established screening treesLawned front garden with low brick garden wallDriveway with off-street parkingScope to restore, renovate and add value (STCA)Kelvin Grove State College catchment (Prep to Year 12)
Location: Kelvin Grove is one of Brisbane's blue-chip inner-city suburbs, home to QUT and minutes from the Herston health precinct and the CBD. Two bus corridors, two shopping villages with full-size supermarkets and Kelvin Grove State College are all within walking distance.

160m - Windsor Rd near Guildford St bus stop (stop 13)300m - Kelvin Grove Rd at Guildford Street bus stop (stop 15)From 15 min - Brisbane CBD by bus, door to door (route 345)550m - Bancroft Park950m - Kelvin Grove State College, Prep to Year 12 catchment1.0km - QUT Kelvin Grove Campus1.1km - Newmarket Village Shopping Centre (Coles, Reading Cinemas, specialty shops and dining)1.2km - The Village Shopping Centre, Kelvin Grove (Woolworths, specialty shops and dining)1.4km - Ballymore Stadium1.9km - UQ Herston Campus (medical school)1.9km - Newmarket Station (Ferny Grove line)2.6km - Suncorp Stadium2.9km - Royal Brisbane & Women's Hospital4.5km - Brisbane CBD
A rare dual-income offering in a blue-chip inner-city position - definitely one not to miss. Your inspection is highly recommended.

Prospective purchasers should make their own enquiries regarding the approval status and permitted use of the lower-level accommodation.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.