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Overview
Set on a generous 4,095 square meter fully fenced, corner allotment, this strategically located duplex offers an excellent investment opportunity in the rapidly developing suburb of Meringandan West. This property delivers strong rental yields with the potential for dual income, combining immediate cash flow benefits and promising long-term capital growth. Its spacious layout, privacy, and future prospects make it a valuable asset for any investment portfolio.
Constructed in November 2024 by Aus Homes, the duplex utilizes a shared septic system and is connected to town water, providing functional and practical infrastructure.
Unit 1: This 3-bedroom unit is currently tenanted until the 5th of December, 2026, generating a weekly rental income of $600. It features built-in wardrobes in each bedroom, soft carpeting, ceiling fans for enhanced comfort especially approaching summer months, and built-in USB outlets in every bedroom. The master suite includes a TV point and a sophisticated ensuite with a shower, modern vanity, toilet, and heater lamps to provide warmth during colder mornings.
The open-plan living area is thoughtfully designed for relaxation and entertaining, equipped with air conditioning, a ceiling fan, and direct access to a covered north-eastern patio that offers stunning views. The chef’s kitchen boasts stone benchtops, a fixed glass panel behind the electric cooktop offering picturesque views, a breakfast bar, dishwasher, a generous pantry, and a microwave alcove.
The family bathroom is functional with a shower, separate bathtub, and soft-close cabinetry to increase convenience. Security screens are fitted throughout the unit, which also benefits from a double garage with remote control access and a substantial fully fenced half-acre yard, ideal for outdoor activities.
Unit 2: Also tenanted until the 22nd of November, 2026, with a weekly rent of $480, this unit offers modern living with high-quality finishes and considerate design. The open-plan living space is outfitted with a ceiling fan, air conditioning, and security screens ensuring year-round comfort and security. Both bedrooms include built-in wardrobes, ceiling fans, and USB charging ports. The covered entertainment patio provides an inviting venue for relaxation and social gatherings.
The kitchen impresses with stone benchtops, electric appliances, a microwave alcove, a stainless steel range hood, double sink, and soft-closing cabinetry, all complemented by pleasant views of the fully fenced backyard.
The bathroom consists of a shower, separate bathtub, and a separate toilet for convenience. Additional features include a single lock-up garage with remote control, an internal laundry area, and extra storage cupboards within the garage, enhancing practicality.
This property represents a sound investment with general rates approximately $1,231.20 net per half year and water rates around $377.40 net per half year, reflecting reasonable ongoing costs.
Local Market Insights
In Toowoomba, Quiet Listings observed 9 new duplexes entering the market over the last 30 days, down from 13 during the previous 30-day period, with an average advertised asking price of $1,017,222. The property type mix of listed properties is predominantly Houses at 68%, followed by land (11%), and units (9%). Ray White was the most active agency in this area, representing 32.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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.
Change History
| Headline | When |
|---|---|
| $1,200,000 - $1,225,000 | |
| $1,250,000 |
Location
Meringandan West QLD 4352
Market Insights for Meringandan West QLD 4352
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