4 John Street, Caboolture South QLD 4510

Dual-income duplex on single title | 6-bedroom yield play in growth corridor | Separately metered for tenant splitting | Flood overlay requires due diligence This property delivers a rare dual-income configuration on a single 405m² lot, offering six bedrooms and three bathrooms across two dwellings. The separately metered electricity and water enable straightforward tenant or family cost splitting, which directly supports a gross rental yield in the 5-6% range. The main house provides four bedrooms with renovated bathroom and open living, while the self-contained granny flat adds two bedrooms. This setup suits investors seeking cash flow, first home buyers offsetting a mortgage, or multi-generational households. The Caboolture South location sits in a fast-growing Moreton Bay corridor, with school catchment for Morayfield State School and High School. The flood overlay is the primary risk, requiring verification with council and insurer before proceeding, as it may affect premiums and long-term resale. Ground elevation at 13 metres and roof height at 7 metres offer some mitigation, but professional flood assessment is advised. The 57% site coverage limits further expansion, but the existing dual-income structure already maximises the lot’s rental potential. NBN Fibre to the Node and 5G coverage support tenant appeal without being prime drivers. Hold this property for steady rental income and capital growth in a rising SEQ corridor, with the granny flat providing flexibility to sell separately if subdivision becomes viable in future.