40 Vespar Rd, Flagstone is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 306m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 4 bedroom House sold in Flagstone in the last 12 months.
Positioned in a quiet, established pocket of Flagstone, This is a standout opportunity.
Just over 12 months old, this modern home offers all the advantages of a new build without the wait - making it a smart, ready-to-go addition to any portfolio.
Property Features:
• Four spacious bedrooms, including master with walk-in robe and private ensuite
• Open plan living and dining area designed for practical, everyday living
• Additional study or second living area at the front
• Modern kitchen with electric appliances, good storage, and functional layout
• Main bathroom with separate bath and shower
• Internal laundry with external access
• Covered outdoor area and fully fenced backyard
• Double lock-up garage with internal access
• Low-maintenance 306m² block
• Solar system
• Colourbond Roof
Investment Snapshot:
• Currently tenanted at $650 per week
• Near-new build (just over 12 months old) = low maintenance and reduced capital expenditure
• Located in a high-growth corridor with strong tenant demand
Location Highlights:
Flagstone continues to emerge as one of South East Queensland’s fastest-growing communities, backed by ongoing infrastructure and population growth.
• Close to major shopping centres including: Coles, Woolworths and Aldi
• Access to quality local schools and childcare facilities
• Easy connectivity via the Mount Lindesay Highway to Brisbane and the Gold Coast
• Surrounded by parks, playgrounds, and walking tracks - key lifestyle drivers for tenants
This is a modern home designed for easy living and it wont last long!
The size of Flagstone is approximately 14.4 square kilometres. There are 10 parks, covering nearly 5.0% of the total area. The population of Flagstone in 2016 was 13201 people. By 2021 the population was 7087 showing a population decline of 46.3% in the area during that time. The predominant age group in Flagstone is 0-9 years. Households in Flagstone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Flagstone work in a trades occupation.In 2021, 75.30% of the homes in Flagstone were owner-occupied compared with 80.50% in 2016.
Flagstone has 4,045 properties. Over the last 5 years, Houses in Flagstone have seen a 99.50% increase in median value, while Units have seen a 246.01% increase. As at 30 April 2026:
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