Duplex Opportunity in Alkina Estate, Narangba | Est. Rent $1300 - $1400 | Est. Yield 4.67% - 5.02%

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Property in Narangba QLD 4504

Duplex Opportunity In Alkina Estate, Narangba | Est. Rent $1300 - $1400 | Est. Yield 4.67% - 5.02%

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$1.4M - $1.5M High Confidence Calculated based on strong search observations.

Duplex 6 Beds 4 Baths 2 Cars 570 m² 264 m²

Listed: 14 days ago

Updated: 3 hours ago

Overview

This proposed dual-income duplex in the heart of Narangba's Alkina Estate presents a compelling investment opportunity by combining two distinct three-bedroom residences on a single 570 sqm parcel. Designed with practical living and tenant appeal in mind, each dwelling offers comfortable spaces including two bathrooms, separate living and dining areas, modern kitchens, and private lock-up garages, making the properties attractive to a range of renters.

The combined dwellings encompass approximately 264 square meters of living space, offering the potential for dual rental income streams estimated between $1,300 and $1,400 weekly, or roughly $650 to $700 per dwelling. Such configuration is ideal for investors seeking to diversify income while maintaining a consolidated asset.

Beyond the internal attributes, the inclusion of outdoor entertaining areas, built-in wardrobes, air conditioning, and split-system heating enhance the livability and tenant comfort, which may reduce vacancy periods and increase rental appeal. The turnkey nature of the project, complete with finishing touches like flooring, blinds, ceiling fans, landscaping, fencing, and driveways, underscores convenience and readiness for immediate tenancy upon completion.

Narangba's location within Moreton Bay offers strategic access to public transport, schools, commercial centers like North Lakes, and major roads including the Bruce Highway, supporting sustained demand from tenants and consistent long-term value growth. This property is particularly suitable for investors focused on long-term portfolio building, offering flexibility in holding or exit strategies due to its dual income potential.

Investors should carefully evaluate the comprehensive costs including construction, development, borrowing capacity, and vacancy risks, while considering comparable rental markets and professional advice. This property stands as a well-structured option for those seeking a dual dwelling investment with promising rental returns in a growth region.

Local Market Insights

In Narangba, Quiet Listings observed 4 new duplexes entering the market over the last 30 days, with an average advertised asking price of $1,183,067. The property type mix of listed properties is predominantly Houses at 84%, followed by duplexes (8%), and land (4%). The most active agency for duplexes in the Narangba area is currently BD Realty, representing 25% of new listings, followed by Harcourts with 25%. 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.