42 Cole Street

Silkstone QLD 4304

- Current rental income of $330/per week (Till February 2025)
- 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.