51
Mitchell
Avenue
molendinar
QLD,
4214
Sold for $970,000
Large Home, Great Investment, and Granny Flat - Rare Opportunity
Welcome to 51 Mitchell Avenue, Molendinar!
For the first time in 40 years, this exceptional property is being offered to the market! It's rare to find a property that includes both a granny flat and a large family home. With ample parking, a central location, and an elevated, airy feel, this is an opportunity you don't want to miss. The estimated rental return for the property is approximately $1,300 per week, combining the main home and granny flat rental appraisals.
The main home features 5 bedrooms and 2 bathrooms. The living area and kitchen are the heart of the home, creating a perfect space for sharing meals and connecting with family. Its elevated position offers stunning views of the hinterland. The master bedroom is spacious, with its own ensuite bathroom and a full-wall wardrobe. The remaining bedrooms all have built-in wardrobes and share the main bathroom.
Located at the rear, the self-contained granny flat features a 1-bedroom layout with a kitchen, lounge room, bathroom, and dining space. It includes a single carport, making it ideal for hosting a tenant, teenagers, or visiting friends and family. Note: The granny flat does not have separate meters from the main property.
The property boasts a spacious yard, perfect for children to play. A charming couple of mango tree adds to the appeal. The property also features efficient water drainage routes and is well-equipped to handle heavy rainfall.
Parking is not an issue thanks to the garage that can easily park four vehicles and features a workshop bench. Additionally, the yard to the left of the driveway has been reinforced, providing stable parking for boats, caravans, or additional vehicles.
The property contains the following features:
INDOOR:
• 5 bedrooms - master w/ ensuite, all built-in wardrobes (option to convert extended living area back into bedroom no. 6)
• Main bathroom with separate toilet
• Self-contained one-bedroom granny flat
• Air conditioning and ceiling fans throughout
• Living area room option to close in to create 6th bedroom for main house
• Kitchen with plenty of cupboard storage
• Abundance of windows to allow natural lighting
• Four car garage
• Workshop bench at rear of garage
• Storage cupboards throughout property
OUTDOOR:
• Front patio facing western hinterland
• Outdoor gym beneath deck (great for personal use or storage)
• Single carport for granny flat
• Surrounding yard
• Effective water drainage system
• Concrete retaining walls
• Reinforced yard parking for boat, caravan or additional vehicles
MAIN HOME RENTAL APPRAISAL Approx. $850-900 per week
GRANNY FLAT RENTAL APPRAISAL Approx. $350-400 per week
COMBINED APPRAISAL Approx. $1,300 per week
All features are accompanied by one of the most convenient locations to live. The Molendinar/Ashmore area is frequently high-lighted on major property reports as a recommended investment "Hot Spot" assured of ongoing demand and outstanding Capital Growth. While living at 51 Mitchell Avenue you are surrounded by a total of 42 parks in Molendinar, one of which is at your doorstep. Trinity Lutheran College is a short walk away. Shopping centers, sporting & medical facilities at your finger-tips, whilst offering easy access and only minutes away via main arterial roads to beaches, the Broadwater & parklands, cafes, restaurants, several CBD's and the M1 giving access to Brisbane & Coolangatta airports.
Please note: Although we have diligently strived to uphold the precision of these details, neither the seller nor the agent offers any guarantee regarding their accuracy. Those with an interest in this matter should not place reliance on these particulars as being conclusive, but rather should independently verify their accuracy through personal inspection or alternative means
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About molendinar
median house price
1068000suburb growth
14.3%median house rent
880suburb rental yield
4.3%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.