Perfect investment property, with room for growth.
Type of Property: House
Reason of Purchase: Investment3 1 2
This property was purchased on behalf of an interstate investor who wanted a solid investment property with value adding potential. It features 635m² of land, is around 10km from the Brisbane CBD and is walking distance to local shops and public transport.
The strategy for this purchase is long term hold, post settlement we undertook around $20-25,000 worth of works to improve the dwelling to increase the rental yield and rental demand. In the future there is scope to add further value by building in the lower section of this two level home and improving the exterior aesthetics. Rental yield prior to renovations was predicted to be around 4.3-4.5% gross but after the renovations the yield sat around the 4.5-4.8% and reduced future potential down time.