22 Argyle Street
Redbank Plains, QLD 4301

22 Argyle Street, Redbank Plains offers a unique blend of steady rental income, prime location, and promising future development potential. This property is situated within a Medium Density Residential zone, just a short distance from Redbank Plains Town Square, making it an attractive opportunity for developers and strategic investors looking to secure a site in one of the region's most rapidly growing areas.

The home features three spacious bedrooms and a large bathroom, all extensively renovated approximately four years ago. Comfort is ensured year-round with four air-conditioning units installed throughout the residence. The living and dining areas are combined into a generous open space, also fitted with air conditioning for added convenience. A separate laundry area provides ample storage options.

Additional property features include a single lock-up garage with plenty of space for an additional carport, an outdoor covered entertainment area perfect for gatherings, and a 3m by 3m garden shed. The property is currently tenanted by a reliable tenant who is keen to remain long term, providing immediate and consistent cash flow while future development plans and approvals are considered.

Key highlights of this property include:

• Medium Density Residential zoning on a 920 square meter block
• Strong potential for townhouse or multi-dwelling development, subject to council approval
• Fully renovated home approximately four years ago
• Spacious three-bedroom layout with a large bathroom
• Combined living and dining area with air conditioning
• Separate laundry with extensive storage
• Four air-conditioning units for year-round comfort
• Single lock-up garage plus space for a carport
• Outdoor covered entertainment area
• 3m x 3m garden shed
• Excellent long-term tenant in place providing reliable rental income

This property is ideal for buyers seeking immediate rental return, future capital growth, development flexibility, and a secure investment opportunity in a strong growth area.

Investor information includes a current rental return of $560 per week (lease from 21/02/26 to 22/02/27) with a rent appraisal between $590 and $610 per week. Approximate quarterly rates are $586.30 for ICC and $329.34 for QUU water.

Conveniently located close to schools, shopping centers, parks, and public transport, the property offers easy access to major roads and surrounding suburbs. It is just three minutes to Redbank Plains town square, five minutes to Redbank Plains State School, within walking distance to the bus stop, nine minutes to Redbank train station, and approximately 30 minutes to Brisbane city.

Redbank Plains is recognized as one of Queensland's best-kept secrets, offering a balance of style, convenience, and affordability. This is a rare opportunity to secure a property with strong holding income and excellent future potential in a sought-after location.

Prospective buyers are encouraged to consider this exceptional buy-and-hold development opportunity that combines immediate income with long-term capital growth potential.