For Sale

32 Pendragon Street, Raceview, Qld 4305

$949,000+ | Returning $980/Week

House

Type

Bedrooms

Bathrooms

Parkings

503 m²

Area

Published on Friday, October 16, 2026 ( See property details for 32 Pendragon Street, Raceview, Qld 4305)

$949,000+ | Returning $980/Week

Joshua Schweitzer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile duplex investment in Raceview offering two income streams, established tenants, and a prime location for strong rental returns.

🏡 Property Highlights

Dual residence duplex with two separate income streams
Established tenants already in place for immediate rental income
Strong rental yield of $980 per week
Low-maintenance 503sqm block with approximately 200sqm of living space
Prime location close to schools, shopping, and transport
Secure parking with two garages

✨ Key Features

Garage
Open-Plan Living
Built-in Robes
Ensuite
Outdoor Area
Secure Parking
Waterfront / Views
Pet-Friendly
Floorboards
Close to Schools

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32 Pendragon Street

Raceview, QLD 4305

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Suburb and Property Insights of Raceview, QLD 4305

Raceview is a well-established suburb offering excellent amenities, including schools, shopping centres, and public transport. Its convenient access to Ipswich CBD and major highways makes it highly desirable for tenants and investors alike. The area boasts a family-friendly environment with a strong community feel, making it an ideal location for rental properties. Proximity to transport routes ensures easy commuting, while local parks and facilities enhance lifestyle appeal.

Frequently Asked Questions

What is the current rental income and potential for future growth?

The property currently generates a combined rental income of $980 per week, with potential for rental increases as the market evolves.

Are there any existing lease agreements or tenants in place?

Yes, the property has established tenants currently in place, providing immediate rental income.

What are the ongoing maintenance costs for this duplex?

The property is designed on a low-maintenance 503sqm block with approximately 200sqm of living space, minimising ongoing upkeep.

Is the property compliant with local building and zoning regulations?

Prospective buyers should verify compliance with local authorities; the property is situated in an established residential area.

What are the nearby amenities and transport options?

The property is close to schools, shopping centres, public transport, and offers easy access to Ipswich CBD and major highways.

What to ask about this property to agent?

Are there any upcoming planning or development proposals in the area that could affect property value or living conditions? What are the strata or body corporate fees, if applicable? Are there any easements, zoning restrictions, or covenants affecting the property? Has the property experienced any history of flooding or bushfire risk? Are there any known issues with the property's structure, plumbing, or electrical systems?

32 Pendragon Street, Raceview, Qld 4305 - More Details

$949,000+ | Returning $980/Week

Investors looking for strong, established rental income and the flexibility of two separate residences will want to take a serious look at this excellent opportunity at 32 Pendragon Street, Raceview.

Currently generating a combined rental income of $980 per week, this five bedroom, four bathroom, two car duplex presents an excellent opportunity to secure two income streams from a single, low maintenance 503sqm block.

With established tenants already in place, the property provides an attractive proposition for investors wanting immediate rental income without the uncertainty of finding new tenants. The duplex configuration also creates broader appeal to the rental market, with two separate living arrangements providing flexibility that traditional single-family homes cannot always offer.

The property has been designed with practicality in mind, comprising a three-bedroom, two-bathroom residence alongside a two bedroom, two bathroom residence. With approximately 200sqm of building area, two garages and functional living spaces across both residences, the property offers a comfortable living arrangement for tenants while keeping ongoing maintenance manageable.

Investment Highlights:
:: Combined rental income of $980 per week
:: Approximately $50,960 in annual rental income
:: Five bedrooms and four bathrooms across two residences
:: Two garages providing secure parking
:: Duplex configuration providing two rental income streams
:: Established tenants currently in place
:: Three-bedroom, two-bathroom residence
:: Two-bedroom, two-bathroom residence
:: Low-maintenance 503sqm block
:: Approximately 200sqm of building area
:: Practical floor plans with strong tenant appeal
:: Established residential location
:: Close to schools, shopping centres and public transport
:: Convenient access to Ipswich CBD and major transport routes
:: + Much More

Located in the established suburb of Raceview, the property is positioned within easy reach of Raceview State School, local shopping facilities, public transport and everyday amenities. With convenient access to the Cunningham Highway and Ipswich CBD, the location provides the accessibility and convenience that tenants are looking for.

For investors, the appeal is simple - two separate residences, two income streams, established tenants and an impressive $980 per week in combined rental income, all from a low-maintenance property.

Whether you're looking to expand your existing portfolio or secure your next investment, 32 Pendragon Street deserves your attention.

If you'd like to know more about this property or book your private viewing, please make contact with us today.

Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Type: House
Bedrooms: 5
Bathrooms: 4
Parkings: 2
Area: 503 m²
House Size: 211 m²

Map & nearby places — 32 Pendragon Street, Raceview, Qld 4305

Explore 32 Pendragon Street, Raceview, Qld 4305 in 3D

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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Raceview State School Catchment Government primary school, Prep-6, co-ed
Bremer State High School Catchment Government secondary school, 7-12, co-ed

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

Bethany Lutheran Primary School Independent primary school, Prep-6, co-ed
Sacred Heart School Catholic primary school, Prep-6, co-ed
Immaculate Heart School Catholic primary school, Prep-6, co-ed
St Mary's Primary School Independent primary school, Prep-6, co-ed
St Mary's College Catholic secondary school, 7-12, girls
Claremont Special School Government combined school, Prep-12, co-ed

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Joshua Schweitzer

32 Pendragon Street, Raceview, Qld 4305

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