OFF MARKET

1/18 Navickas Circuit
Redbank Plains QLD 4301

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 106m2
Land area: 142m2
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Property Details for 1/18 Navickas Cct, Redbank Plains

1/18 Navickas Cct, Redbank Plains is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 142m2 and floor size of 106m2.

Building Type
Unit
Year Built
2014
Floor Size
106m2
Land Size
142m2
Local Government
Ipswich

Last Listing description (August 2018)

This quality built duplex pair featuring designer fittings throughout has just been completed, enabling you to start the new year in your brand-new home or; reap the benefits of your new cash flow positive investment! Choose one or purchase both! With tenants already in place paying $315 and $320 per week, you will enjoy rental income from day one!

Featuring an open plan design, the neutral colour palette and sleek lines lend to the modern aesthetics of the home. Boasting quality finishes, the kitchen comes complete with stone benchtops, stainless steel appliances including a 900mm free standing cooker, and an abundance of storage space. From here, the private and covered alfresco area is easily accessible for ease of entertaining.

All three bedrooms are of a generous size with the master having the added luxury of an ensuite. The rest of the home is serviced by a good sized main bathroom, featuring a separate shower and bath for all members of the family.

Further extras include two split system air-conditioners, a remote lock up garage and an additional visitors parking space per unit.

The Ipswich corridor, of which Redbank Plains is a part of, is well known as a growth region. Popular for its affordable housing prices and above-average yields, make no mistake that this is an outstanding opportunity. Surrounded by excellent services and amenities, including major shopping precincts and easy access to the motorway, this property is in a prime location.

FAST FACTS:
1. First home buyers qualify for $20,000 government grant
2. No Body Corporate fees (Just building insurance)
3. Tax depreciation of over $9,000 pa
4. Positive cash flow / Strong returns of around 5%
5. Low vacancy rate of 2.0% (SQM Research May 2016)
6. SMSF suitable - single contract purchase

Contact us for copy of the positive cash flow analysis.

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Property History for 1/18 Navickas Cct, Redbank Plains, QLD 4301

A timeline of how this property has performed in the market
  • 29 Jun 2016
    Listed for Sale For Sale

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About Redbank Plains 4301

The size of Redbank Plains is approximately 18 square kilometres. It has 31 parks covering nearly 9% of total area. The population of Redbank Plains in 2011 was 14,976 people. By 2016 the population was 19,285 showing a population growth of 28.8% in the area during that time. The predominant age group in Redbank Plains is 0-9 years. Households in Redbank Plains are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Redbank Plains work in a labourer occupation. In 2011, 47.5% of the homes in Redbank Plains were owner-occupied compared with 42.2% in 2016.

Redbank Plains has 10,216 properties. Over the last 5 years, Houses in Redbank Plains have seen a 105.26% increase in median value, while Units have seen a 99.40% increase. As at 31 October 2024:

  • The median value for Houses in Redbank Plains is $673,764 while the median value for Units is $512,887.
  • Houses have a median rent of $540 while Units have a median rent of $480.
There are currently 80 properties listed for sale, and 42 properties listed for rent in Redbank plains on OnTheHouse. According to CoreLogic's data, 854 properties were sold in the past 12 months in Redbank plains.

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