29A Spence Road, Wavell Heights QLD 4012

This exceptional property presents a rare opportunity for savvy investors seeking a high-income producing asset in one of Brisbane's most desirable growth suburbs - Wavell Heights.

Positioned on a generous 693m² block, this low-maintenance lowset brick home has been purposefully designed for rooming accommodation and currently returns an impressive $1,570 per week with five tenants on fixed-term leases.

Inside, the home offers five spacious bedrooms, each with its own bathroom, ensuring privacy and convenience for every tenant. The shared living zones are light-filled and inviting, featuring an open plan lounge and dining area alongside a modern, functional kitchen - the perfect communal hub. With three-car accommodation, the property is as practical as it is profitable.

While the existing floorplan is ideally suited to investors seeking maximum returns, there is also scope to reconfigure the home into a more traditional family residence in the future, adding further long-term value.

Located in a tightly held pocket of Wavell Heights, this property is underpinned by strong capital growth, outstanding rental demand, and proximity to schools, shopping, transport, and lifestyle amenities.

• 5 bedrooms, 5 bathrooms, 3 car spaces
• Currently achieving $1,570 per week rental return
• Generous 693m² block
• Low-maintenance brick construction
• Prime growth suburb - Wavell Heights

This is an investment opportunity that combines high immediate rental yields with exceptional future growth potential.