834 Waterworks Road,

The Gap

Offering versatility, strong income potential and an outstanding position opposite Ashgrove Golf Club, this unique three-residence property presents an exciting opportunity for investors, extended families or buyers seeking a home with multiple living options.

Set behind a charming Queenslander-inspired facade on a generous 885m2 allotment, the property comprises three well-presented residences, each enjoying plenty of natural light and character.

The lower level features two self-contained one-bedroom units, each with its own bathroom and open-plan kitchen, living and dining area, with the opportunity to easily add a second bedroom to increase the rental return on both.

Upstairs, the larger residence offers three bedrooms, one bathroom, and a separate toilet, a well-appointed kitchen and two separate living areas, with one flowing directly onto the newly added deck.

Outside, the expansive leafy backyard provides plenty of shared space to relax and enjoy. For buyers wanting a traditional family home, the property also offers the flexibility to be converted back into a substantial 5 or 6 bedroom intergenerational residence with multiple living areas.

The location is equally appealing. Ashgrove Golf Club is directly across the road, while local cafes, dining and everyday conveniences are all close at hand. The Gap Village Shopping Centre is approximately two minutes away by car, public transport is easily accessible and Brisbane CBD is less than 10km away.

Potential Rental Income:

Unit One - $550 - $600 per week

Unit Two - $550 - $600 per week

Main residence - $700 - $750 per week

Combined potential income - $1,800 - 1,950 per week

Property Highlights:

Unique three-residence investment opportunity on 885m2

Positioned directly opposite Ashgrove Golf Club

Excellent potential rental return with three separate living arrangements

Attractive Queenslander-inspired character

Two lower-level one-bedroom, one-bathroom residences

Spacious upper-level three-bedroom residence

Two separate upstairs living areas plus a new outdoor deck

Large, leafy shared backyard

Potential to convert back into a five-bedroom family home

Approximately two minutes to The Gap Village Shopping Centre

Close to cafes, restaurants, public transport and local amenities

Less than 10km from Brisbane CBD

Disclaimer: The stated P/A income potential is an estimate only and should not be relied upon as a guarantee of actual rental return. Interested parties should conduct their own independent enquiries and seek professional advice before making any decisions based on this figure.