172 Chermside Road, Basin Pocket, Qld 4305

Property Details at a Glance:

- Property Built In 1955
- Granny Flat Built in 2015
- Size: 710m² Block 
- Water Rates - $232 Plus Consumption
- Council Rates - $1,070.10 / per quarter
- Granny Flat Currently Rented at $390 per week
- Main House Rental Appraisal - $420 - $450 per week
- Total Rental Income - $840 per week.

Set on a generous, flat block in the increasingly sought after suburb of Basin Pocket, this rare dual income investment offers far more than meets the eye. With two self contained dwellings on one title, each boasting their own private yard, separate power meters, water meters and individual access, this property is a true set and forget asset designed to perform. Investors will appreciate the stability of dual tenancies and the lower holding costs that come with single title ownership, making this an excellent addition to any diversified portfolio.

The configuration is as functional as it is flexible. Whether you're seeking to maximise yield with dual tenancies, accommodate multigenerational living, or take advantage of the growing demand for separate living quarters, this property has you covered. The front house, a post-war character cottage, is now vacant and presents the perfect opportunity to secure updated tenants at market rates. Meanwhile, the rear granny flat is already tenanted, providing reliable income from day one. The dwellings are separately fenced, offering privacy and independence for occupants, an increasingly desirable feature among tenants in today's market.

Financially, the numbers stack up. With a combined rental income of minimum $840/week, and a current rental appraisal suggesting the potential for increases, investors are stepping into a solid cash flow situation with room to grow. At the top of the price guide ($720,000), the property offers an attractive gross yield of approximately 6.06%, a strong return for a metropolitan adjacent location with infrastructure growth on its side. The upside doesn't stop there, future rent increases, strategic upgrades, or cosmetic improvements could push that yield even higher. There is also the added potential to explore future development options (STCA), such as demolishing the post war character home and building a new house or granny flat. 

From a management standpoint, the property is straightforward and low maintenance. Both homes are neatly presented and functional, with desirable features like air conditioning, outdoor entertaining spaces, and private yards. The separation between the homes makes it easy to manage tenants independently, minimising vacancy risks and maximising tenant satisfaction. Investors looking for ease of ownership will appreciate the practicality and versatility of this setup, along with the peace of mind that comes with already-secured tenancy in the granny flat.

Most importantly, this is an investment anchored in a location that supports long-term performance. Basin Pocket is part of a high growth Ipswich corridor, increasingly favoured by renters and homeowners alike due to its affordability, proximity to major employment hubs, and access to transport, schools, and shopping precincts.

 As Ipswich continues to benefit from population growth and infrastructure investment, properties like this offer both short term returns and long-term security. Whether you're a seasoned investor or someone looking to break into the market with a high-performing asset, this property delivers on all fronts, income, potential, and location.

Property Highlights:
- Current total rental income: $840/week
- Two Self-Contained Dwellings on One Title
- Multigenerational Living or Dual Occupancy Potential
- Low Maintenance Investment with Strong Tenant Appeal
- Separate Power Meters, Water Meters, Separate Fencing
- Flat, Accessible Block with Rear Yard access to Both Homes

Front House Features:
- 3 Bedrooms, 1 Bathroom + Separate toilet
- Single carport
- Rear Yard Access 
- High Ceilings, VJ Walls, Sunroom
- Split System A/C in Master and Living
- Previously Rented at $360/week, Appraised higher

Granny Flat Features:
- 2 Bedrooms + 1 Bathroom
- Large Deck, Buffalo Grass Lawn
- Built-In Wardrobes Throughout
- Modern Kitchen with Breakfast Bar
- Spacious bathroom with oversized shower
- Currently tenanted at $390/week until 29th of June 2026

Perfectly positioned in the growing suburb of Basin Pocket, this property enjoys close proximity to all the essentials that drive strong rental demand. Just minutes from Ipswich CBD, Ipswich Hospital, and the University of Southern Queensland, it offers tenants convenience without compromise. Public transport is within walking distance, while local schools, parks, cafes, and shopping centres are all nearby. With easy access to the Ipswich Motorway and major arterial roads, commuting to Brisbane is a breeze, making this a strategic location for long-term capital growth and consistent rental appeal.

Location Highlights:
- 3 mins to Ipswich CBD
- 4 mins to Ipswich Hospital 
- 5 mins to University of Southern Queensland 
- 6 mins to Riverlink Shopping Centre 
- 7 mins to Ipswich Motorway
- 40 mins to Brisbane CBD

Located in a high growth corridor with strong rental demand and infrastructure investment
With two dwellings, dual income, and future development potential, all in a prime Ipswich location, this is a standout addition to any investment portfolio. Whether you're chasing yield, future capital growth, or a flexible live-in/rent-out arrangement, this property offers it all.

Listing Agent: Daniel Parsons & Braydan Fender - The Danny P Team

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Disclaimer: 
NGU Real Estate | The Kimmorley Group has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct 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.