4 Landsborough Drive, Smithfield QLD 4878

4 Landsborough Drive, Smithfield QLD 4878
Full duplex on 800mΒ² corner block | No body corporate | Dual income potential | Northern Beaches location | Low-maintenance tiled units This property presents a competitively strong investment due to its rare configuration as a full duplex on a large, freehold corner block in the desirable Northern Beaches. The absence of body corporate fees and the provision of two separate, modern three-bedroom units translate directly to dual rental income streams and enhanced control for the buyer. This setup serves the investor seeking a high-yielding, low-oversight holding in a stable residential area, with the land component offering inherent scarcity value. The primary decision hinges on validating the claimed rental income against current market evidence and securing a purchase price that preserves the yield advantage. The commercial logic is clear: secure both tenancies to achieve cash flow, or occupy one side to offset ownership costs. Proceed with an offer that reflects the value of the land and income, but condition it on a building inspection to mitigate risk from the unspecified construction age. This is a hold-for-income property.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Smithfield is a family-oriented suburb where 44% of households are couples with children, driving strong demand for three-bedroom houses. The median house price is approximately $760,000, supported by robust annual growth of around 9-10%. The market is active, with high annual sales volumes and a median of 28 days on market for houses. Future supply from development approvals is a key factor to monitor, alongside varying affordability indicated by a broad price range.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

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