46 Essington Mews offers investors two tenanted units on one 761m² block, with a combined rental income of $950 per week, equivalent to $49,400 per year.

Built in 2019, this modern dual-living property offers contemporary design, practical layouts and low maintenance living, making it an appealing option for investors seeking an established rental return without the upkeep often associated with older properties.

Both units have fixed term leases in place:
Unit 1: Rented for $560 per week until 7 October 2027
Unit 2: Rented for $390 per week until 12 May 2027

Unit 1 includes four bedrooms, two bathrooms and an air-conditioned open-plan living and dining area adjoining the kitchen. The main bedroom has an ensuite and patio access, while the covered outdoor area overlooks the fenced yard.

Unit 2 includes one bedroom, an ensuite, its own kitchen and air-conditioned living/dining area, plus a separate patio. Each unit has its own entrance and single garage with laundry facilities.

Neutral interiors, tiled living areas and carpeted bedrooms provide a practical layout for tenants, while the separate accommodation creates two rental income streams.

Ipswich City Council Rates: $1,222.50 per quarter (subject to change)
Urban Utilities Water Charges: $485 plus consumption (subject to change)

Property features include:
• Five bedrooms and three bathrooms across two units
• Combined rental income of $950 per week
• Fixed term leases extending into 2027
• Separate kitchens, living areas and entrances
• Brand new carpet in Unit 1
• Built-in wardrobes, air-conditioning and ceiling fans
• Covered patios and a fenced yard
• Two single garages, each with laundry facilities
• 761m² allotment

With tenants already in place, this property offers an established rental return from settlement.

The dual living configuration also offers flexibility for buyers looking to accommodate extended family under one roof while maintaining privacy and independence. Buyers considering this arrangement would need to allow for the existing fixed term tenancy to expire and provide the appropriate notice in accordance with Queensland tenancy requirements before occupying the property themselves or making the unit available for family use.

Located in the established Ipswich suburb of Leichhardt, 46 Essington Mews offers convenient access to local amenities, schools, parks and public transport. Wulkuraka Train Station is approximately a five minute walk from the property, providing a convenient option for commuters travelling to Ipswich and connecting rail services. Tony Merrell Park is also nearby, offering open green spaces and recreational opportunities. Residents benefit from access to local shops and schools, while the Ipswich CBD is just a short drive away, providing a wider range of shopping, dining, health and lifestyle facilities. With its established residential setting, convenient transport links and proximity to essential amenities, Leichhardt offers practical appeal for tenants and property investors alike.

Listing Agents: Steve Athanates & Leigh Johnson

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