118 Magpie Drive

Positioned on a generous 755m² block, 118 Magpie Drive, Cambooya presents an outstanding off-market opportunity for investors seeking a modern dual-income property with two established rental streams. Built in 2018 and currently fully tenanted, the duplex generates a combined rental income of $840 per week, equating to $43,680 per annum. Offering the security of leases across both residences, this property provides immediate income from settlement and may suit buyers looking to strengthen their portfolio with a practical, low-maintenance investment.

With a price expectation in the high $700,000s to low $800,000s, the property offers an approximate gross rental yield of 5.3% to 5.6%, subject to the final purchase price. Located within the growing Cambooya community, the property offers convenient access to local schools, shops and essential amenities, while remaining within easy reach of Toowoomba. Combining a substantial block, modern construction and two established income streams, 118 Magpie Drive represents a compelling investment opportunity with strong long-term appeal. Property Features

• Duplex offering two separate income streams
• Generous 755m² block
• Built in 2018
• Both units currently tenanted
• Combined rental income of $840 per week
• Annual rental income of $43,680
• Price expectation: High $700,000s to low $800,000s
• Approximate gross rental yield of 5.3% to 5.6% Unit 1 Investment Details
• Current rent: $490 per week
• Lease period: 16 June 2026 to 21 June 2027
• Last rent increase: 8 June 2025 Unit 2 Investment Details
• Current rent: $350 per week
• Lease period: 1 December 2025 to 7 December 2026
• Last rent increase: 1 December 2024 With secure leases in place, an attractive combined rental return and the benefit of two established tenancies, 118 Magpie Drive is an excellent opportunity for investors seeking a modern dual-income asset in a growing regional community.

Added 20 August, 2026 Property ID: #L40024704 Show More