2A Lucas Street, Scarborough QLD 4020

Dual-living Scarborough 2020 build | Two incomes, one title | Low-maintenance rental split | Waterfront growth corridor This property is a rare configuration in a tightly held coastal pocket , two fully self-contained residences under a single title, built new in 2020 and designed for minimal landlord intervention. The separation of access, garages, and outdoor space means each dwelling can be tenanted independently without friction, which is the structural advantage most investors seek but rarely find in this price bracket. The location within the Redcliffe Peninsula growth corridor and the absence of flood or bushfire overlays further strengthen the holding case. It best suits a buyer who prioritises cashflow over cosmetic upside and wants a set-and-forget dual-income position without strata complications. The primary risk is the unresolved land size discrepancy , 506m² versus 1002m² , which affects both valuation and future subdivision optionality. A title search is non-negotiable before offer. The rental yield at the lower end of estimates sits around 5%, which is acceptable but not exceptional for a dual-income property; the listing’s claimed rent appears aspirational and should be stress-tested against current market evidence. The opportunity lies in the scarcity of this product type in Scarborough and the potential for steady capital growth over a five-to-seven-year hold. Use this property as a core income asset in a portfolio, not a flip.