This property presents numerous unique opportunities in one of Hervey Bay's most sought-after locations in Urangan. This property includes two individual homes on a large 1128m2 allotment, easy walking distance to Hervey Bay's beautiful Esplanade and a north-facing secluded beach.
For investors, Hervey Bay's appeal continues to grow: Rental yields in Regional Queensland are averaging around 4.7%, far outpacing many metropolitan markets. Low vacancy rates of less than 1% combined with increasing rental demand make Hervey Bay a top pick for investors seeking consistent rental income and capital growth.
There really is a range of options for this property, being zoned high-density residential, with two homes yielding strong returns. You can rent out one of the homes while residing in the other to supplement your income on a holiday or permanent basis. Those needing to accommodate extended family would also find this configuration ideal. Or you could remove both homes and redevelop the site.
Recapping 144 Cypress Street, Urangan, features: -
• A 1128m2 allotment, one street back from the Esplanade and beach
• Two charming homes on one title with so many options
• Zoned high-density residential offering development opportunities
The low-set cottage to the front of the property features: -
• A covered front verandah at the entry
• An open-plan dining and living area with high ceilings, ceiling fans and split system air conditioning
• A kitchen with an electric stove with a range hood and a pantry
• A sunroom that could be used as a home office, plus a sleepout
• Three spacious bedrooms, one with a ceiling fan
• A bathroom with a shower, vanity and linen storage, plus a separate toilet
• A laundry with direct access outside to the clothes line
• A fully fenced courtyard with a large garden shed to the rear
• Currently tenanted at $480per week until December 2025
The high-set home at the rear of the property features: -
• External stairs to a large covered veranda and outdoor entertaining deck with sea views across the property to the rear on the Esplanade
• A vast open plan living and dining area with a ceiling fan and split system air conditioning
• The kitchen features ample bench and storage space, plus an electric hot plate with rangehood, and a wall oven
• A separate sun room which could be used as a study or office space
• Three spacious bedrooms with ceiling fans and built-in wardrobes
• The main bedroom includes an ensuite with a spa bath, a vanity and a toilet
• The bathroom includes a bath, a shower and a vanity, plus a separate toilet
• A partitioned single garage space downstairs with a roller door to one side and a fully fenced private courtyard
• A second roller door accessing a vast open-plan garage area with a shower and toilet
• A fully fenced courtyard with a large garden shed to the rear
• Rent appraisal of $530 - $550 per week
Opportunities to secure a property like this are rare and sure to be in high demand – contact our team now to arrange your private viewing or video call walk-through!
You will only be disappointed if you miss this one ….
NOTE: Property boundary lines are shown as approximate/indicative only in associated images - please refer to survey plans for complete details.
DISCLAIMER: Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our vendors, and as such, Mitchells Realty makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only for marketing purposes.
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