62 Panache Street

Whether you're a savvy investor looking for a rental in a suburb with proven growth, or an owner occupier ready for a renovation project, 62 Panache Street offers a rock solid foundation with serious upside. Set on a flat, usable 608m² block, this property is a textbook "renovator's delight" featuring solid brick walls, good bones and space that can make for a rewarding transformation. This property is a 3 bed, 1 bath home with a double carport. It's currently leased at $700/week until October 2026, providing immediate holding income while you finalise your plans. Whether you intend to strip it back and renovate for a primary residence or hold it for the long term, the logic is supported by the data. Molendinar has seen an 11.4% jump in median rental prices over the last 12 months with increasing demand. The block is the standout feature. It's flat, functional, and offers plenty of space for a pool or a massive outdoor extension. This is an entry level opportunity to get into a high demand market and build genuine equity through a renovation. The Numbers: • 608m2 flat, usable land • Currently leased at $700pw until 08 October 2026 • Rates: $1,436.24 (Jan 26 - June 26) • Water: $440.03 (Last quarter) • NBN: HFC (Hybrid Fibre Coaxial) available per seller disclosure It's got the bones, it's got the land, and it's priced for someone to take it to the next level. For further details, contact Tyler Smith. Disclaimer: PRD Ashmore in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective buyers should make their own enquiries to verify the information contained herein.