Brisbane - NUNDAH
Purchased below online valuation at auction!
Property Info
→ $951,000 Purchase Price
→ Rental Return $800-$850 (Post refurb)
→ 405m2 Block Size
→ 71 Nellie Street Nundah
→ 3 Bed, 2 Bath, 1 Car
→ 9kms from CBD
When investors are purchasing property in the Brisbane market we often see them shy away from buying at auction. Here at Hot Property Buyers Agency we are Brisbane’s leading auction buyers agents assisting clients to secure property at auction for over 15 years!
Using our skills and experience we were able to increase our clients confidence, leading them to participate in the auction and securing it for around $50,000 BELOW online valuation. This gives our clients potential instant equity in the investment.
The strategy with this property is to get in and undertake a cosmetic refurbishment and dramatically increase the rental yield and value.
Current predictions are that we will inject around $70,000 in renovations into the property resulting in an increase of around $100,000 to $150,000 in value and increase the rental to circa $800-$850 Per week.
Thanks to:
Selling Agent: Karl Garufi - Belle Property
Financier: Loan Market
Solicitor: Map Lawyers
