83 Lamington Drive, Redbank Plains QLD 4301

Dual-key tenancy locked until 2026 | cash flow exposed to lease expiry | future yield compression risk | limited land depth on 273sqm The eight-year fixed income window is the property’s primary structural risk. Two separate leases expiring simultaneously in August 2026 create a concentrated re-leasing event with no staggered buffer, exposing the buyer to a potential 42 per cent vacancy shock if either unit fails to re-let at current or proposed rates. At the proposed combined appraisal of $880 per week, the current $805 per week income generates a 4.6 per cent gross return on a conservative $910,000 entry—viable for a buy-and-hold investor but thin for a leveraged buyer once management rates and land tax are factored. The property functions best as a medium-term cash flow hold until lease expiry, at which point a strategic refurbishment or reconfiguration could unlock capital growth in Ipswich’s tightening supply corridor. This is one of the few dual-key configurations in Redbank Plains with no body corporate fees and immediate income in place—rare structural efficiency for an investor seeking capital deferral. The 273sqm terrace format on flat, unflooded land under Ipswich City Council offers a lower maintenance footprint than a standalone house while retaining four bedrooms and three bathrooms across two discrete units. It serves an experienced investor prioritising yield stability over liquidity, or a family requiring segregated generational living with a separate rental wing. The final step is to verify lease standard and property condition via an independent building and pest inspection before negotiating on the income gap between current and proposed rent.