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Overview
This spacious residence in Ripley offers a distinct opportunity tailored for investors seeking strong rental yields through shared living arrangements. Crafted with the innovative concept of "three of everything," the home is designed to comfortably accommodate three separate tenants, each enjoying their own private bedroom with ensuite bathroom, lockable pantry, linen cupboard, and dedicated garage storage. This thoughtful layout promotes individual privacy while maximizing the rental income potential of the property.
Spanning 206 square meters on a 408 square meter block, the property features three separate living areas, including a main living room, a media room, and a study room. These versatile spaces add to the functionality and comfort of the home, offering distinct zones for relaxation, entertainment, and productivity.
Built by Tribeca Homes in December 2023 and situated within the Cadence Estate, the property is equipped with modern conveniences such as split system air-conditioning in all bedrooms and the main living area. Sold fully furnished, it provides a turn-key investment solution without the need for additional setup.
- Current gross weekly rent of $1,100, translating to an approximate annual income of $57,200 and a gross rental yield near 5.72%.
- The configuration complies with Queensland legislation regarding rooming/share houses, ensuring legal accommodation for multiple tenants simultaneously.
- Each lease has staggered terms, contributing to consistent rental income over time.
- Low ongoing costs with council rates approximately $760 per quarter.
This investment is especially suitable for buyers looking to enter the rental market with a compliant, well-appointed property offering excellent space utility and assured privacy for tenants. Its location in a growing development estate enhances future growth prospects, while the design ensures ease of management and tenant satisfaction.
Local Market Insights
In Ripley, Quiet Listings observed 79 new houses entering the market over the last 30 days, up from 69 during the previous 30-day period, with an average advertised asking price of $968,650. The property type mix of listed properties is predominantly Houses at 88%, followed by land (9%), and townhouses (2%). The most active agency for houses in the Ripley area is currently Ray White, representing 41% of new listings, followed by NGU Real Estate with 22%. 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 |
|---|---|
| $975,000+ | |
| $1,000,000+ |
Location
Market Insights for Ripley QLD 4306
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