42 Cole StreetSilkstone QLD 4304
Property Details for 42 Cole St, Silkstone
42 Cole St, Silkstone is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 1012m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Last Listing description (November 2024)
2 TITLES WITH NO SUB-DIVISION NECESSARY
Property details at a glance:
- 1012m block with 2 titles (Lot 87 & 88 on RP24315)
- Rental appraisal $360 - $400/per week
- Incredible development potential
- Prime location near schools, shops, and transport
This well-maintained, tenanted two-bedroom home sits on an expansive 1012m2 block in the highly desirable suburb of Silkstone. What makes this property truly unique is that it is spread across two separate lots (Lot 87 & Lot 88, each 506m2 on RP24315), offering a rare and exciting investment opportunity for savvy buyers.
Whether you're looking for a family home with extra space or a development opportunity, the choice is yours. The large, level yard provides plenty of room for kids and pets to play, with covered parking for two cars and ample space for a caravan, boat, or even your dream shed or pool. Alternatively, you might choose to build a second home on the extra lot for extended family or additional rental income.
Built in 1960, the home opens up even more possibilities. Subject to Ipswich City Council approval, you could remove the existing house and build two brand-new homes, one on each already-titled block.
For investors, the current two-bedroom home is rented for $330 per week until February 2025 allowing you to generate income from day one while planning how to make the most of the dual titles. Live in one, rent or sell the other-the potential for profit is right in your backyard.
This charming home is situated in a prime location within walking distance of schools, shops, and public transport. You're just a short drive from Booval Fair Shopping Centre, Silkstone State School, and a host of private schooling options. The property also offers easy access to road and rail links to Brisbane and Ipswich.
Nearby Locations:
3 minute drive to Silkstone Shopping Village*
1 minute drive to Booval Fair Shopping Centre*
2 minute drive to Ipswich Turf Club*
5 minute drive to Bundamba State School & Secondary College*
3 minute drive to Silkstone State School
Whether you want to renovate, build, or develop, this rare opportunity won't last long. Properties with two titles are becoming increasingly scarce in Ipswich, so act fast to secure this unique investment.
Property History for 42 Cole St, Silkstone, QLD 4304
- 21 Oct 2024Sold for $620,000
- 17 Oct 2024Listed for Sale SOLD BY JORDAN HARRISON
- 29 Jan 2021Sold for $330,000
Recent sales nearby
See more recent sales nearby/assets/perm/qgx53556kyi6nlstkefj4pxdou?signature=5a9c3f7d876289658d531cd9958df15adaebad7f6ccb0496d2f6705935dadc6f){kind=logo}
0
/assets/perm/36agk2v46ii6nijsrmoqtxahia?signature=008d64db10ba132c0670a436bcc4d6d3be77680ce01c4fd4fb1f6d9a5d0c97c7){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Silkstone 4304
The size of Silkstone is approximately 2.0 square kilometres. It has 7 parks covering nearly 7.6% of total area. The population of Silkstone in 2016 was 3480 people. By 2021 the population was 3830 showing a population growth of 10.1% in the area during that time. The predominant age group in Silkstone is 30-39 years. Households in Silkstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Silkstone work in a trades occupation.In 2021, 60.30% of the homes in Silkstone were owner-occupied compared with 64.20% in 2016.
Silkstone has 1,790 properties. Over the last 5 years, Houses in Silkstone have seen a 150.83% increase in median value, while Units have seen a 147.96% increase. As at 31 January 2026:
- The median value for Houses in Silkstone is $799,521 while the median value for Units is $537,397.
- Houses have a median rent of $550 while Units have a median rent of $250.
Suburb Insights for Silkstone 4304
Market Insights
Silkstone Trends for Houses
N/A
N/A
View TrendN/A
N/A
Silkstone Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
