14/13 Bridge Street, Redbank QLD 4301

Gated complex with resort pool and tennis | Rare 82sqm internal townhouse in Redbank | Tenant in place to October 2026 | Renovated and ready for immediate yield This townhouse occupies a genuinely uncommon position in Redbank. The gated complex with pool and tennis courts is rare for a two-bedroom townhouse at this price point, and the 82sqm internal area is generous for the category. The recent renovations—new carpets, paint, air conditioning, and updated bathroom—mean no immediate capital spend for a buyer. The tenant at $490 per week through October 2026 provides a locked-in gross yield near 4.5 percent, which is competitive for a southeast Queensland townhouse. This property suits an investor seeking a low-maintenance, cash-flow-positive holding in a suburb that has seen 167 percent unit value growth over five years. The location near the train station and Redbank Plaza adds everyday convenience that supports tenant retention. The primary risk is the asking price spread relative to the September 2025 purchase of $440,000. The current $560,000-plus ask sits below the estimated $607,000 value, but the gap to the last sale is wide and may signal vendor expectation that has outpaced the market. Redbank’s auction clearance rate is zero percent, which suggests limited competitive pressure. The tenant’s occupancy until October 2026 restricts owner-occupier interest and limits inspection flexibility. For an investor, the opportunity is to negotiate toward the mid-to-high $500,000 range, securing a renovated townhouse with immediate income and long-term growth exposure to a corridor with infrastructure demand. Hold for rental income and capital appreciation over a five-to-seven-year horizon.