Description

We are pleased to present a proposed 3-bedroom + 3-bedroom duplex in Narangba, Moreton Bay, offering investors the opportunity to consider two substantial residences within one property development.

Designed with long-term residential appeal in mind, the proposed duplex includes two separate dwellings, each offering three bedrooms, two bathrooms, a single garage and practical living spaces. The layout may suit a range of tenants, while the dual-dwelling configuration provides the potential for two separate rental income streams.

The proposed property offers a full turn-key package with a combined dwelling area of approximately 263.64 sqm. Unit 1 is approximately 132.98 sqm, while Unit 2 is approximately 130.66 sqm.

Property Highlights
Location: Narangba, Moreton Bay, QLD
Property Type: Proposed duplex
Configuration: 3-bedroom + 3-bedroom
Bathrooms: 2 per dwelling
Garages: 1 per dwelling
Unit 1 Floor Area: Approximately 132.98 sqm
Unit 2 Floor Area: Approximately 130.66 sqm
Combined Dwelling Area: Approximately 263.64 sqm
Full Turn-Key Package: $1,448,634
Indicative Combined Rental: $1,300–$1,400 per week
Indicative Rent Per Dwelling: $650–$700 per week

Each dwelling is proposed to include:

Three bedrooms
Two bathrooms
Master bedroom with ensuite
Built-in wardrobes
Separate living and dining areas
Modern kitchen
One lock-up garage
Private alfresco or outdoor living area
Practical floor plans designed for everyday living

The proposed package also includes a range of finishing and landscaping items, including flooring, blinds, ceiling fans, split-system air-conditioning, fencing, turf, landscaping, driveways, paths and patios. Final inclusions and specifications are subject to contract and confirmation.

Dual-Income Potential

The indicative combined rental appraisal of $1,300–$1,400 per week represents approximately $650–$700 per week per dwelling.

This may appeal to investors seeking a property with the potential to generate two rental incomes from one acquisition. However, rental figures are indicative only and actual rental performance will depend on market conditions, tenant demand, final specifications, competing rental supply, vacancy periods and property management conditions.

The dual-dwelling structure may also provide investors with potential flexibility when considering their longer-term holding and exit options. These options would need to be confirmed through appropriate legal, planning and property advice.

Location

Narangba is located within the Moreton Bay region, with access to transport connections, schools, retail facilities, parks and major road networks.

The surrounding area provides access to:

Railway stations and public transport
North Lakes retail and commercial facilities
Schools and education services
Parks and recreational areas
The Bruce Highway
Employment and service hubs throughout Moreton Bay

For investors, the location should be assessed in terms of rental demand, comparable three-bedroom properties, vacancy levels, competing housing supply, employment access, transport connections and future development.

Investment Considerations

A duplex may provide a different investment structure from a conventional single dwelling, with the potential for two residences, two rental income streams and a larger overall asset.

However, the opportunity should be assessed against:

Available deposit or equity
Borrowing capacity
Cash-flow position
Construction and holding costs
Comparable rental evidence
Comparable completed duplex sales
Independent valuation
Site and development costs
Construction timeframe
Potential vacancy
Future borrowing capacity
Holding and exit strategy

Any potential equity creation must be supported by realistic completed values and total project costs. It should not be assumed from projected figures alone.

This proposed Narangba duplex may be relevant to investors exploring a dual-income property, a new-build opportunity or a longer-term portfolio-building strategy. Its suitability will depend on the investor’s individual financial position, investment objectives and overall portfolio plan.

For more information or to discuss whether this opportunity may suit your investment strategy, contact Chris Pullen on 0434 449 455 or Luka Pullen on 0400 191 528.

Pricing, rental figures, specifications and inclusions are indicative and subject to contract, final documentation, market conditions and confirmation. Independent financial, legal, tax, lending and building advice should be obtained before proceeding.