187 Redland Bay Rd, Capalaba is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1979. The property has a land size of 809m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Two tenancy opportunity returning up to $760 per week collectively, property currently has 2 tenants who are eager to extend their tenancy in April 2022. The ROI on this property could return up to 17% more than other investments in this area!!
Sitting proudly on a 807m2 block with a 20m frontage this property also offers a unique opportunity for potential future development or subdivision of the block (subject to council approval).
This low-set home represents excellent buying in a fantastic location & is perfect for growing or extended families with dual living. Ideal for those with home businesses or wanting to work from home.
If you are looking for a dual living home this could be it! The granny flat is self-contained with separate access from the front of the house this home will tick all the boxes for those with a teenager seeking independence, an elderly relative wanting a slice of serenity or investors.
Property Features Include:
* Open plan living & dining room with air conditioning
*Large kitchen with stainless steel appliances & ample bench & cupboard space
* Family bathroom with separate bath & shower
* Separate toilet
* Single lock up garage with internal access
* Three good sized bedrooms Master with air conditioning
Granny flat features include:
* Living area with air conditioning & ceiling fan
*1 bedroom featuring a built-in robe & ceiling fan
* Bathroom with shower, toilet & vanity
* Kitchenette with sink, stove, space for a fridge & space for a washing machine
* Separately metered electricity
Additional property features include:
* Large enclosed under cover entertainment area
* Side access
* Large garden shed with electricity
* Fully fenced backyard
* Land is subdividable
* In catchment to Capalaba State College
Conveniently located within a short distance from both local primary & high schools, local parks, public transport & shopping centres this home is one of a kind and is one not to be missed!
The size of Capalaba is approximately 18.7 square kilometres. It has 42 parks covering nearly 11.2% of total area. The population of Capalaba in 2016 was 17333 people. By 2021 the population was 18002 showing a population growth of 3.9% in the area during that time. The predominant age group in Capalaba is 30-39 years. Households in Capalaba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capalaba work in a trades occupation.In 2021, 72.30% of the homes in Capalaba were owner-occupied compared with 71.40% in 2016.
Capalaba has 8,669 properties. Over the last 5 years, Houses in Capalaba have seen a 98.50% increase in median value, while Units have seen a 116.18% increase. As at 28 February 2026:
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