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7 York Street, Pimpama QLD 4209

Dual Key Investment Opportunity

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$1.1M - $1.2M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 390 m²

Listed: 9 days ago

Updated: 8 hours ago

Overview

This unique property located at 7 York Street, Pimpama, represents a compelling investment opportunity within a thriving and rapidly developing community. Featuring an innovative dual key design, the property offers two separate residences under one roof, ideal for investors seeking multiple income streams or flexibility in housing arrangements.

The main residence hosts three generously sized bedrooms complemented by a bathroom, while the secondary residence provides a self-contained, one-bedroom living space complete with its own bathroom facilities. Both residences benefit from allotted garage spaces, enhancing convenience for tenants or occupants.

The dual key configuration inherently maximizes rental returns, with the current setup generating a robust combined weekly rental income of $1,120, translating to approximately $58,240 annually. Both residences are presently occupied with leases extending into 2027, ensuring steady income for the discerning investor.

Positioned on a 390 square meter parcel, the property balances manageable land maintenance with ample space for comfortable living. The location in Pimpama offers excellent access to essential amenities such as shopping centres, schools, childcare services, parks, and sporting facilities, including the Pimpama Sports Hub. Connectivity is enhanced by proximity to the M1 motorway, providing straightforward routes to Brisbane and the Gold Coast.

This property is especially suited to investors prioritising reliability and income diversification. It also appeals to extended families or owner-occupiers requiring flexible accommodation options.

Dual key design adding versatile living and income potential
Two garages allocated, catering to both residences
Secure leases in place providing immediate and ongoing rental income
Convenient access to local amenities and major transport routes
Situated on a practical 390sqm land size for ease of upkeep

In summary, this dual residence property presents an intelligent investment strategy, combining strong rental yield prospects with the benefits of long-term lease security and location advantages, suitable for a range of lifestyle and investment objectives.

Local Market Insights

In Pimpama, Quiet Listings observed 96 new houses entering the market over the last 30 days, up from 72 during the previous 30-day period, with an average advertised asking price of $1,211,990. The property type mix of listed properties is predominantly Houses at 76%, followed by townhouses (9%), and units (5%). The most active agency for houses in the Pimpama area is currently Ray White, representing 29% of new listings, followed by Avenue Property with 14%. 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.