84 Tibrogargan Drive, Narangba QLD 4504

Family-sized brick home | long-term tenant locked in | 610m² fully fenced block | near schools and parkland This property offers a rare combination of immediate income and long-term land value. The existing lease through to January 2027 removes vacancy risk and provides a reliable $30,680 annual return, making it ideal for investors seeking passive cash flow without management hassle. The single-level layout, covered outdoor area, and fully fenced backyard appeal to families, while the 610m² block in a high-demand corridor positions the house for capital growth. Being close to Narangba State School and Narangba Valley High School strengthens its rental appeal and resale potential. The main risk is that the current rental yield sits slightly below the suburb average of 3.5%, meaning the property is priced for growth rather than maximised income. However, with the lease in place and the market showing 12.5% annual growth, the buyer gains both immediate cash flow and upside. The street has high owner-occupier rates and low turnover, which supports stable values. Hold this property for the rental income and let the corridor demand and block size drive long-term appreciation; refinancing after the lease ends could unlock equity for further investment.