SOLD
Sold on 14 Nov 2023 for $900,000

2/5 Kanangra Street
Redbank Plains QLD 4301

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Floor area: 122m2
Land area: 177m2
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Property Details for 2/5 Kanangra St, Redbank Plains

2/5 Kanangra St, Redbank Plains is a 6 bedroom, 4 bathroom House with 4 parking spaces and was built in 2016. The property has a land size of 177m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 6 bedroom House sold in Redbank Plains in the last 12 months.

Building Type
House
Year Built
2016
Floor Size
122m2
Land Size
177m2
Local Government
Ipswich
Lot/Plan
2/SP289689

Last Listing description (November 2023)

Exceptional Investment Opportunity in the Leafy Suburb of Redbank Plains: Rare Single Titled Duplex

Discover an exceptional investment opportunity with this rare single titled duplex located in the leafy suburb of Redbank Plains. Comprising three well-proportioned bedrooms, two bathrooms and two car garage across each unit, this property promises impressive rental returns and significant capital growth potential. Each unit boasts air-conditioning for comfort year-round, with a delightful outdoor entertaining area that adds to the appeal of these charming homes.

The property is just minutes away from Town Square Redbank Plains Shopping Precinct and Orion Springfield Central, providing easy access to a range of amenities. Local schools are also conveniently close, perfect for tenants with families.

Key Features:
- 6 spacious bedrooms across both units
- 4 well-appointed bathrooms
- Main living area air-conditioning in each unit
- Outdoor entertaining area ideal for social gatherings
- Conveniently located near shopping centres and local schools

RARE SINGLE TITLED DUPLEX offers an attractive yield with Unit One currently rented for $430 per week until 16/09/2024 and Unit Two leased at $400 per week until 07/03/2024. Both leases are fixed term providing certainty for investors seeking steady income. This unique dual occupancy property represents a fantastic addition to any investment portfolio seize this opportunity today! Since these units are on separate titles, we have the flexibility to sell them separately as well.

Disclaimer:
STRUD Property has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property History for 2/5 Kanangra St, Redbank Plains, QLD 4301

A timeline of how this property has performed in the market
Last Sold
$900,000
14 Nov 2023
Listed for Rent
$340/w
26 Sep 2016
  • 14 Nov 2023
    Sold for $900,000
  • 26 Oct 2023
    Listed for Sale OFFERS OVER $899,000 OR $450,000 EACH

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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 10,287 properties. Over the last 5 years, Houses in Redbank Plains have seen a 103.32% increase in median value, while Units have seen a 90.78% increase. As at 30 September 2024:

  • The median value for Houses in Redbank Plains is $671,015 while the median value for Units is $499,281.
  • Houses have a median rent of $530 while Units have a median rent of $478.
There are currently 79 properties listed for sale, and 38 properties listed for rent in Redbank plains on OnTheHouse. According to CoreLogic's data, 838 properties were sold in the past 12 months in Redbank plains.

Suburb Insights for Redbank Plains 4301

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Peter Ta
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Strud Property
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.