A purpose-built dual-income asset delivering immediate cash flow and long-term investment efficiency, this 2020-built residence is designed for investors seeking simplicity, performance, and consistency. Comprising two fully self-contained residences under one roof, each with private access, garage, and outdoor space, the property is engineered to attract and retain quality tenants while minimising ongoing management complexity. Investment Highlights: • Dual-income design with two secure tenancies in place • Current return $1,170 per week, increasing to $1,224 per week from July 2026 • Purpose-built dual occupancy (not retrofitted) • Built in 2020 with strong depreciation advantages • Low-maintenance construction with consistent rental history and great tenants Location: • Positioned within a high-demand Redcliffe Peninsula pocket • Minutes to waterfront, hospital precinct, and key amenities • Ongoing tenant demand driven by lifestyle and infrastructure Property Features: Residence 1 (1/2a Lucas): Four generous bedrooms, all with built-in robes and ceiling fans Master suite complete with ensuite and large built-in robe Modern family kitchen featuring stone benchtops and dishwasher Spacious open-plan living with air conditioning, LED downlights, and ceiling fan Contemporary main bathroom with separate shower and bathtub Covered alfresco area overlooking a large private courtyard Separate laundry and single remote garage Lease from 03/07/25- 03/07/26 at $695pw (new lease offered from 03/07/26- 03/07/27 at $749pw) Residence 2 (2/2a Lucas): Spacious master bedroom with built-in robe and ceiling fan Flexible second bedroom or additional living space Modern kitchen with stone benchtops and dishwasher Open-plan air-conditioned living area with ceiling fan Well-appointed bathroom Private alfresco area and courtyard Single remote garage Lease from 21/04/26-21/04/27 at $475pw Opportunities to secure a modern, dual-income property with proven performance and minimal input are limited. This is a clean, set-and-forget investment with immediate and growing returns.
RealistIQ deal score
Neutral value signal
12
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 2A Lucas Street, Scarborough before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is 20%+ above RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $805,000 - $1,314,000Wider ranges mean more uncertainty.
RealistIQ estimate$1,060,000
Market price guide$1,395,000
$805,000$1,314,000
Before you inspect, check what similar properties actually sold for.
