Type of Property: House
Reason of Purchase: Investment3 1 2
This property was purchased for a young professional couple from Sydney looking to capitalize on the affordability and opportunity Brisbane has to offer. We set out to find them a property that would not only give them fantastic opportunity for capital growth but also a strong rental return.
The property is a 3 bed 1 bath 1 car low set brick home on 763m2. The property was recently renovated so it was ready to advertise for lease straight away. During this purchase we were able to negotiate a clause into the contract that allowed us to advertise the property for rent prior to settlement. The Hot Property Management team managed to secure a tenant who was ready to move in only 4 days after settlement!
Purchase Price: $515,000
Distance to the CBD: 12km
Rental Return: $450-460 ( 4.55%-4.65% Gross)
Overall another great Brisbane property and very happy clients that we are looking forward to assisting further in the future to help build their property portfolio.