Positioned at the end of a quiet cul-de-sac in one of Silkstone's most convenient pockets, this fully renovated duplex offers outstanding value and flexibility for a range of buyers. Whether you're a first-home buyer, investor, downsizer or young couple, 1/40 Cambridge Street presents a rare opportunity to enjoy house-like space, modern comfort and private outdoor living – without the price tag or ongoing body corporate levies.
Set on a generous 402 m² allotment, the home is one side of a well-kept duplex and is completely separate, with its own driveway, garage, and fully fenced yard. There is no active body corporate, meaning no shared levies, meetings or common property maintenance. A shared building insurance policy is in place for the overall structure.
The home has been recently renovated and freshly painted inside and out. The roof has been professionally repaired, cleaned and resprayed, and the interior features brand new floating floorboards that run throughout the living and bedroom spaces.
Step inside to a light-filled, open-plan layout with neutral finishes and a split system air conditioner servicing the main living zone. The generous living and dining area flows into a functional kitchen complete with electric cooktop, wall oven, dishwasher, breakfast bar and ample storage.
Two spacious bedrooms are privately positioned, each with ceiling fans and built-in wardrobes. The centrally located two-way bathroom includes a full-sized bathtub, separate shower and vanity, plus a separate toilet for convenience. The internal laundry opens directly to the backyard, enhancing practicality.
Outside, the home offers a large, fully fenced yard with Colorbond fencing on all sides. There's space to install a side gate for full enclosure, and ample room to add a patio, shed or garden in the future (STCA). The property also includes a single lock-up garage with internal access and additional driveway parking.
Council Rates (subject to change): approximately $557 per quarter
Water & Sewerage (subject to change): approximately $270 per quarter
Currently leased at $400 per week until 6 November 2025, the property presents a secure, set-and-forget investment. Based on comparable 2-bedroom duplexes in Silkstone and surrounding areas, a current rent appraisal suggests the property could achieve $420 to $440 per week in today's market.
Whether you're buying to move in later or looking for a strong performer in a high-demand rental area, this property offers excellent long-term flexibility.
Key Features:
• Two spacious bedrooms with built-in wardrobes and ceiling fans
• Open-plan living and dining with air conditioning
• Floating floorboards throughout living and bedrooms
• Kitchen with electric appliances, dishwasher and breakfast bar
• Two-way bathroom with separate shower and bathtub
• Separate toilet and full internal laundry
• Security screens to all windows and doors
• Single lock-up garage with internal access + off-street parking
• Fully fenced 402m² block with Colorbond fencing
• End of a quiet cul-de-sac with no through traffic
• One side of a duplex
• No active body corporate - no levies, no meetings
• Leased at $400/week until 6 November 2025
• Rent appraisal: $420 - $440/week
Location:
• 2 mins to Silkstone State School
• 3 mins to Silkstone Village Shopping Centre and Cameron Park
• 5 mins to Booval Fair and Booval Train Station
• 7 mins to Ipswich CBD, Riverlink, Ipswich Hospital and UniSQ
• 40 mins to Brisbane CBD via train or highway
This is a rare opportunity to secure a well-kept, low-maintenance home with land, privacy, and solid rental income - all in a tightly held and well-connected location. Whether you're starting out, scaling down or building your portfolio, this home offers real flexibility and future potential.
Listing Agents: Carl & Miguel Marbella
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Disclaimer:
NGU Real Estate 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.
