91 Lamington Drive
Redbank Plains, QLD 4301

Overview

Dual Occupancy in Growth Area

Nestled in a quiet, family-friendly street, 91 Lamington Drive, Redbank Plains is a modern dual-key property offering excellent cash flow, secure tenancies, and strong long-term growth potential. Purpose-built for dual living, it features two fully self-contained residences under one title, making it an ideal, low-maintenance addition to any investment portfolio.

Front Residence – 3 Bedroom Home

This spacious, modern three-bedroom home boasts great tenant appeal. All bedrooms include built-in robes and ceiling fans. The private master suite features a walk-in robe, a stylish ensuite, and split-system air-conditioning. The air-conditioned open-plan living and dining area provides a comfortable space for everyday living. The contemporary kitchen is equipped with stainless steel appliances and generous storage. Sliding doors open to a private courtyard situated between the two residences, perfect for morning coffee or relaxed entertaining. The thoughtful layout is designed for comfort, privacy, and everyday practicality.

Rear Residence – 1 Bedroom Studio

The fully self-contained one-bedroom studio apartment has its own separate entry, offering excellent privacy and independence from the main residence. It includes a modern kitchen and bathroom, a comfortable air-conditioned living area, and a private balcony for outdoor relaxation. This space is ideal for singles, couples, or downsizers.

Parking & Practicalities

The property includes a secure lock-up garage plus an additional carport. Its low-maintenance design ensures easy management. The dual-occupancy layout is engineered to minimize complications while maximizing rental performance.

Current Leases & Rental Potential

The 3-bedroom home is leased until 20 August 2026 with a current rent of $540 per week and a rental potential of approximately $600 to $620 per week. The 1-bedroom studio is leased until 3 April 2026 with a current rent of $390 per week and a rental potential of approximately $400 to $430 per week. Combined current rent totals $940 per week, with a combined future rental potential of approximately $1,000 to $1,050 per week. The current gross rental yield is approximately 4.89%, based on a $1,000,000 purchase price. This represents a strong cash-flow investment with clear upside and quality tenants already in place.

Location Highlights

This property is situated in a highly sought-after Redbank Plains location with strong rental demand. It is approximately 35 to 40 minutes from Brisbane CBD and about 90 minutes to the Gold Coast. The area is close to major shopping and amenities including Town Square Redbank Plains and Orion Springfield Central. It is convenient to multiple primary and secondary schools and near parks, playgrounds, and recreational facilities. The area is supported by ongoing infrastructure and development, underpinning future growth.

Why 91 Lamington Drive Stands Out

This property offers dual income streams from two self-contained residences with secure lease terms already in place. It has strong rental growth potential and features a low-maintenance, modern build. The attractive, family-friendly setting appeals to a wide tenant base, making it a compelling investment opportunity.

Disclaimer: The information contained in this advertisement is believed to be true and correct but is not guaranteed. All distances, measurements, and timeframes are approximate. Prospective purchasers should make their own enquiries to verify the information.

Location