24 Magpie Drive, Cambooya QLD 4358
24 Magpie Drive, Cambooya QLD 4358
Duplex on 802m² | 3-bed unit confirmed | investment-grade positioning | inconsistent public records | Toowoomba fringe demand
This property presents a rare configuration advantage for the Cambooya market—a duplex on a single title with a confirmed 3-bedroom, 2-bathroom unit and likely a second unit, all on 802 square metres. For a buyer seeking immediate rental income or future subdivision optionality, this is competitively positioned. The site size and duplex structure suit an investor targeting yield from a regional centre with steady population inflow, where land constraints are tightening. The 9-year hold from the prior sale at $141,000 suggests meaningful equity growth, though current valuation estimates sit around $744,000, reflecting the market’s recognition of the income stream.
The primary risk is the inconsistency across public records—some sources list a 1-bedroom house, others a 4-bedroom duplex—which may indicate outdated or incorrectly aggregated data. A title search and council records are essential before proceeding. The opportunity lies in the property’s dual-income potential and the possibility of strata-titling the units, which could unlock separate sales and higher total value. The rental history via Ray White for 1/24 Magpie Drive suggests established tenant demand, reducing vacancy risk. This property suits a buyer comfortable with due diligence who values configuration over cosmetic condition.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Magpie Drive, Cambooya QLD 4358
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Buyers are drawn to Cambooya for affordable acreage and lifestyle blocks with easy access to Toowoomba, strong owner-occupier and family demand, and limited stock that tightens the market. Prices have broadly trended up over the past six months, supported by notable annual gains and recent quarterly increases, while rental demand and reasonable yields keep investor interest steady. Key risks are interest-rate sensitivity and reliance on the regional economy, but growth opportunities persist from Toowoomba’s expansion and ongoing lifestyle migration.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
802m²
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