2 Hastings Street, Redbank Plains QLD 4301

Investors – do not miss this fantastic opportunity – not only does the home have heaps of potential but it's also located in one of Australia's hot spots for investors and it's easy to see why. In Q2 of 2024 Redbank Plains topped the list as Qld's top selling suburbs according to prop track. It's a great commuter suburb with both the Ipswich Motorway and the Centenary Highway within easy access. According to realestate.com.au house prices in Redbank Plains in the last 12 months have increased by a whopping 17.8% and there's no signs of it slowing down either, with an abundance of infrastructure projects and new developments planned, this is the place to invest!

Now for the home – this recently renovated home currently sits on 1002sqm and currently returns $600pw. Stay with me here… there's an Development Approval (DA) from Ipswich City Council* to subdivide the land from one into two, creating an additional 600sqm lot where a dual key/aux dwelling could be built, supercharging rents to approx. $1,070pw for the dual key and $600pw for the additional home that's an approx. total of $1,670pw rent and if the rental trend of increasing approx. 10% per annum keeps up, you could see rents hit up to $2,000pw in the next couple of years in Redbank Plains creating an approx. 7% yield along with further strong potential capital growth.

There are other options as well to potentially subdivide the land and build a secondary dwelling, sell one home and keep the other – with the existing home as is on it's own 400sqm lot we would anticipate that we'd achieve approx. $700,000 for the current home.

Other exciting features about this home you'll love include:

o – HUGE 1002sqm lot with so much potential
o – Recently renovated stunning three bedroom home with multiple multi-purpose rooms
o – Quiet location yet so close to the best that Redbank Plains has to offer
o – Opportunity to land bank for future potential development with a current strong passive income of $600pw
o – Highly sought after location
o – Strong short and long term investment
o – Opportunity for a family to call a large spacious home now and reap the rewards later
o – Plus much much more

This home genuinely won't last long on the market – potential investment opportunities in this highly sought after suburb are becoming harder and harder to find. Call Andy Nutton today for the Information Memorandum (IM) and correspondence from Ipswich City Council approving the DA.

*Subject to council approval and conditions