House For Sale - QLD - Lamb Island - 4184 - Dual-Living Investment Opportunity – 6.2% Gross Yield (Image 2)

40 Crest Haven Lamb Island QLD 4184

For Sale $499,000 Dual Living Investment

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Property Type House
Land area approx 546.000sqm
Floor area approx 156sqm
Region Logan and Redlands
Locality Redland
Garages 1
Uncovered Carspaces 1

Tags: Workshop Shed Forestry Solar Income

Dual-Living Investment Opportunity – 6.2% Gross Yield

40 Crest Haven presents a fantastic opportunity for investors, large families, or those seeking a multigenerational living setup. Currently tenanted with a combined rental income of $620 per week from two separate tenants, this property offers excellent returns with the flexibility of dual living.

Featuring two self-contained levels, the home includes:

- Upstairs – Two bedrooms, a spacious living area, a modern bathroom and laundry, and a wrap-around verandah with sea glimpses. Private external access ensures complete separation.

- Downstairs – Two bedrooms, a full kitchen, laundry, and solid concrete block walls for durability.

The internal access between levels has been securely removed, but the solid timber staircase remains in place should you wish to reconnect the spaces in the future.

Prime Location & Recent Upgrades

- Just a short walk to the shop and ferry terminal via a convenient shortcut behind the fire shed – no car needed.

- Steel-framed garage for secure parking, extra storage, or a workshop.

- Over $100,000 recently spent on upgrades including a renovated deck, modernised bathroom, roof repairs and removal of solar hot water system, a new large hot water system, and more.

Leases are in place until 20 November 2025 upstairs and 18 July 2026 downstairs, with reliable tenants keen to stay on if possible. A minimum 48 hours' notice is required for inspections.

Contact Kat on 0497 887 953 to arrange a private viewing. Please check out the walkthrough video to see if this home is the perfect fit for you.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained here is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or mis-statements contained in this document. Prospective purchasers should make their own enquiries to verify the information contained here.

Property Code: 2965