38 Argyle Street
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About this property
If you're searching for the perfect set-and-forget investment, look no further than 38 Argyle Street, Redbank Plains. This solid and well-presented 3-bedroom home is located in one of South-East Queensland's fastest-growing corridors, just a short stroll from Redbank's brand-new Town Square and bustling shopping precinct. With infrastructure expanding rapidly, demand for quality rentals in the area is at an all-time high – and this property is already delivering excellent returns. Currently leased to a fantastic long-term tenant with an impeccable rental history, the home is returning $480 per week with a lease secured until June 2026 – and the tenant is keen to extend beyond that. Investors can step straight in with peace of mind knowing that rental income is guaranteed well into the future. Adding to the appeal, the property sits on a large 720m² block with Residential Low Density Zoning, offering plenty of space and potential. There's also scope for a code-assessable auxiliary dwelling (STCA), providing an outstanding opportunity to further increase yield in the years ahead. Features: * 3 good sized bedrooms * 1 spacious main bathroom * Modern kitchen with plenty of counter space * Well lit lounge dining area * Spacious 720m² block – Residential Low Density Zoning * Potential for auxiliary dwelling (STCA) * Long-term tenant with excellent rental history * Currently rented at $480 per week * Lease secured until June 2026 with tenant looking to extend * Minutes walk to Redbank Town Square & Tavern - Close to Primary & Secondary Schools - Easy access to train & bus stations - Short drive to Redbank Plaza and Orion Shopping Centre This is the kind of property savvy investors look for – secure rental income, capital growth potential, and unbeatable location. Disclaimer: We have 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.
Property Details
- Property Type
- house
- Listing Type
- Sold
- Bedrooms
- 3
- Bathrooms
- 1
- Parking
- 2
- Land Area
- 720 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Redbank Plains
This 3-bedroom house in Redbank Plains, QLD 4301 sits within reach of public transport, local shops and nearby schools.
Schools near Redbank Plains
- Staines Memorial Collegecombined · Prep-12 · CoEd
- Fernbrooke State Schoolprimary · Prep-6 · CoEd
- Redbank Plains State Schoolprimary · Prep-6 · CoEd
- St Ann's Schoolprimary · Prep-6 · CoEd
- Redbank Plains State High Schoolsecondary · 7-12 · CoEd
What's nearby
- Redbank Plains Recreation Reserve (bus) — 486 m away
- TSG Tobacco Station — 1.9 km away
- Unnamed — 1.6 km away
- Unnamed — 1.7 km away
- Unnamed — 1.8 km away
Redbank Plains at a glance
Full suburb profile- Population
- 24,349
- Median age
- 27
- Household income
- $1,516/wk
- Median rent
- $350/wk
- Median mortgage
- $1,473/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Redbank Plains price trend
Median sold · House 3 bed
Compound growth +18.3% / yr over 4 yrs
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Full Redbank Plains marketThis listing
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