This nearly 20 year old low set brick and tile home set on a near level red soil 1/2 acre (2,040 square metre) block was built on contract by J. V. Jennings Homes. While it has been mostly lived in by families, it has also spent some time as a rental property, so the years have not been totally kind to the interiors. The current owner has looked after it well, but the time is now ripe for a major update.

The home is very quietly positioned set back from the little cross street with some nice trees and shrubs plus lots of ample lawn for kids. The northern winter sunshine smiles down on the rear of the home and on the lawns where the kids will want to play. This street in North Tamborine’s Forest Park area just services local street residents and is as quiet and peaceful a living environment as you could ever wish it to find.

Living space includes lounge room with slow combustion wood fire plus a roomy dining area next to the kitchen. The floating timber floors are a recent edition in the living areas and are so much more practical for young families than carpet. The kitchen is still quiet practical and eminently workable, but the blue and pink decor seems a bit out of date now. Three of the 4 bedrooms have built-in robes and they are serviced by a full bathroom with tub and separate shower recess. There is also a separate toilet here. The living areas open out to the back of the home with a protected sunny outdoor winter living area that becomes a cool and shady area on summer afternoons.

This is not the sort of house that is going to create immediate excitement, but it is the sort of house that you can improve and add value to very easily. It is also the sort of house that you could buy now, rent out with minimal improvements (light fittings come to mind!) and upgrade later on. Current rental demand is high and the supply of rental homes is low, especially rentals with 4 bedrooms. On present rental prices you could expect a gross return on this home of $350 per week. The quality of tenants seeking to live on Tamborine Mountain is well above average and Lane Realty screens potential tenants very carefully.

We’d rate this property “a cheapie” in a premier North Tamborine location and a darn good investment property that we are happy to recommend.