Redbank, Plains$1.20m
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Redbank

Plains, QLD 4301, Australia
$1.20m
5 bed 3 bath 2 car497 m²

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About this property

Why REDBANK PLAINS? Enormous growth, above average rental returns and low vacancy rates makes Redbank Plains attractive to investors. Ipswich offers abundant variety of schools, the TAFE and even Queensland Uni - an abundance of shopping options along with numerous employment hubs makes the suburbs of the Ipswich an "in demand" area for housing. This area is part of the Western Growth Corridor. There is billions of dollars being invested here in major developments, rail and road networks, recreational and education facilities and much more. New businesses are springing up everywhere and new large industrial and commercial developments are appearing every month! Cranes are numerous in the skyline. Ask us for our reports and understand what projects are happening and the amount of the expenditure here. The Opportunity: this property gives twice the opportunity. Not one rent but two! From the street front it appears to be a single family home, but it is when you look inside that you realize that there are two separate dwellings included in this property. That is right - two dwellings - two incomes! This property is strong positively geared right from the first month for most investors. - The features of a dual living property are: - Positive cash flow - Low outgoings - no body corporate fees, low council rates and water rates - Achievable rents are higher than the typical 4 bedroom house - Located in high growth area, with high rental demand - Located in prime quality residential estates - Located in high population areas close to fast expanding hubs - Larger lots - Lower your risk - if one dwelling is vacant, the additional one is still producing income - Close to schools, shops and all other services and recreational facilities This property is: Land: 497m2 Price: $575,000 Land is to be registered Oct 26 Home: 216.09m2 Build: $624,295 Two dwellings - 5 beds in total = 3 beds, 2 baths, 1 car PLUS 2 beds, 1 bath, 1 car FIXED PRICE CONTRACT: $1.199,295 RENTAL ESTIMATE: $1250 estimate total per week Inclusions: Please note that this property includes the GOLD standard inclusions Please ask for the full list of inclusions SOLAR IS INCLUDED Note that this property is subject to being available at the time of your enquiry or reservation. This property is not yet constructed - two contracts - house building contract and land contract. FOR SALE: $1.199,295 Kaye Tilley 0418 823 046

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
5
Bathrooms
3
Parking
2
Land Area
497 m²
Listed
2 weeks ago

Repayment calculator

$5,814/month
$2,907 /fortnight
Loan $959,436 at 6.10% over 30 years

Upfront costs

Deposit$239,859
Stamp duty$49,484
Conveyancing (est.)$2,000
Total upfront$291,343
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Plains

This 5-bedroom house in Plains, QLD 4301 sits within reach of public transport, local shops local amenities. It is listed 29% above the $933,000 median of 76 comparable houseswithin 5 km.

What's nearby

  • Unnamed (bus)1119.4 km away
  • KC Convenience1119.2 km away
  • Harris Crossing Entry1118.7 km away
  • Disc Golf Course1118.7 km away
  • Disc Golf Park1118.8 km away

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