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Overview
Suit buyers above $1,395,000 Lucas Street, Scarborough
This property is a purpose-built dual-income asset constructed in 2020, offering immediate cash flow and long-term investment efficiency. It is ideal for investors seeking simplicity, performance, and consistent returns.
The residence comprises two fully self-contained homes under one roof, each with private access, a garage, and outdoor space. This design minimizes management complexity while attracting and retaining quality tenants.
Investment Highlights:
- Dual-income design with two secure tenancies currently in place.
- Current rental return of $1,170 per week, increasing to $1,224 per week from July 2026.
- Purpose-built dual occupancy, not a retrofitted property.
- Built recently in 2020, providing strong depreciation advantages.
- Low-maintenance construction with a consistent rental history and reliable tenants.
Location:
- Situated in a high-demand pocket of the Redcliffe Peninsula.
- Close proximity to the waterfront, hospital precinct, and essential amenities.
- Strong ongoing tenant demand driven by lifestyle and infrastructure improvements.
Property Features:
Residence 1 (1/2a Lucas):
- Four spacious bedrooms, all equipped with built-in robes and ceiling fans.
- Master suite includes an ensuite and a large built-in robe.
- Modern family kitchen featuring stone benchtops and a dishwasher.
- Spacious open-plan living area with air conditioning, LED downlights, and ceiling fan.
- Contemporary main bathroom with separate shower and bathtub.
- Covered alfresco area overlooking a large private courtyard.
- Separate laundry and a single remote garage.
Lease term from 3 July 2025 to 3 July 2026 at $695 per week, with a new lease offered from 3 July 2026 to 3 July 2027 at $749 per week.
Residence 2 (2/2a Lucas):
- Spacious master bedroom with built-in robe and ceiling fan.
- Flexible second bedroom or additional living space.
- Modern kitchen with stone benchtops and dishwasher.
- Open-plan air-conditioned living area with ceiling fan.
- Well-appointed bathroom.
- Private alfresco area and courtyard.
- Single remote garage.
Lease term from 21 April 2026 to 21 April 2027 at $475 per week.
This property presents a rare opportunity to secure a modern, dual-income investment with proven performance and minimal management input. It is a clean, set-and-forget asset offering immediate and growing returns.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Scarborough QLD 4020
Market Insights for Scarborough QLD 4020
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
