5 Burns LaneSilkstone QLD 4304
Property Details for 5 Burns Lane, Silkstone
5 Burns Lane, Silkstone is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 607m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (October 2021)
That's right this is your chance two secure two (2) houses on one single title that are returning a massive $515.00 per week (5.9% return) in rent on a level 607m2 block that is located in a highly sought after Silkstone position.
The two (2) homes are both currently tenanted to long term tenants who would love to stay. So you can buy them today and not miss a single days rent, not pay any let fees and these amazing tenants will pay the property off for you!
House 1: Consists of a lowset post war three bedroom, one bathroom family home that has a large combined lounge, dining and kitchen. There are three (3) large bedrooms, the main with split system air conditioning that are serviced by the family bathroom and separate toilet.
The tenants have been in the home long term and would love to stay. They are on a current lease until 5/11/21 paying $295.00 per week.
House 2: Consists of a new build brick and colourbond roof and is a one bedroom, one bathroom home with a combined lounge, dining and kitchen. This home is extremely modern and is separately metered for electricity and water.
The tenants have been in the home long term and would love to stay. They are on a current lease until 17/2/22 paying $220.00 per week.
This totally unique two (2) home property is only a short drive to services including road and rail transport to Brisbane and Ipswich, Booval Fair Shopping Centre with its own Woolworths and numerous specialty stores as well as the East Ipswich State School, Sacred Heart Private Primary or Ipswich Boys and Girls Grammar Schools, St Edmunds and St Marys Private High School. There is also great proximity to other shops, doctors, dentists, all entertainment and sporting venues.
This property represents an opportunity for astute buyers to have two (2) income streams on one title to long term tenants who want to stay.
Alternatively, if you want to live in the home yourself you can wait for the leases to expire and give the tenants appropriate notice and the two generations of your family can share the property, the mortgage and rates expenses and have the security of being close to each other but also have your own personal space.
Ipswich Council Rates: $933 per quarter (subject to change)
Water Charges: $232 per quarter plus consumption (subject to change)
Opportunities to earn a near 6% return are becoming harder and harder to find so you will need to act quickly or be prepared to be disappointed!
Most importantly, this two (2) home property with a monster 5.9% return has been priced to sell quickly at offers over $449,000.
Listing Agent: Steve Athanates
Don't be disappointed, call me now - I'm waiting for your call!
NGU Real Estate Ipswich - with Offices at Brassall, Ripley, Karalee, Greater Springfield and Toowoomba Our Five (5) Great Locations Means We've got Ipswich and its Surrounds Covered!
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Disclaimer:
NGU Real Estate Ipswich has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.
Property History for 5 Burns Lane, Silkstone, QLD 4304
- 10 Sep 2021Sold for $440,000
- 20 Aug 2021Listed for Sale Offers Over $449,000
- 30 Jan 2017Listed for Rent $210 / week
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About 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 1,788 properties. Over the last 5 years, Houses in Silkstone have seen a 139.15% increase in median value, while Units have seen a 140.87% increase. As at 30 November 2025:
- The median value for Houses in Silkstone is $752,731 while the median value for Units is $511,000.
- Houses have a median rent of $530 while Units have a median rent of $250.
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