Brisbane Boondall
The aim of these renovations was to not only increase the value of the property but increase the rental yield. Also, these works assisted in reducing potential future maintenance at the property as well.
As the effects of the COVID19 Pandemic descended on the world, some people where a little nervous about investing, but while some where concerned about the market and sat back, we pushed forward securing this great investment well below market value.
Automatic valuations put this property in around $475,000 based on its block size, location and bed/bath/car accom.
In reality the property needed some cosmetic works and really I believe it sat around the $420-440,000 mark.
With auctions cancelled and the public trustee then shifted to an Expression of Interest strategy that Zoran used to his advantage to secure the property for the amazing price of $390,000.
Needless to say the clients where thrilled with the outcome.
Post settlement Hot Property Buyers Agency assisted the client with some renovations and improvements needed to get the property tenant ready.
These works include:
Lighting update throughout and installation of split system AC
Internal repaint
Painting of kitchen Cabinets and updating of door handles
New window furnishings
Grout and silicone replacement to kitchen, bathroom and laundry
Tree trimming to yard
Basic landscaping
External house wash
Property Type
House
Reason of Purchase
Investment
The Space
3 beds / 1 bath / 1 car
Price
$390,000
Rental Return
$360 Per week AS IS
( $390-$410 post renovations)
Proximity to CBD
13km direct line to CBD
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