Type of Property: House
Reason of Purchase: Investment4 2 2
Our investment property buyers agents believe that all investment properties need to offer a balance of capital growth potential, rental return, and tax depreciation.
This property represented the perfect balance.
Bracken Ridge is a suburb that is going from strength to strength. It is just 15km from the BNE CBD, and a few minutes drive to the Moreton Bay foreshore, so the suburb offers convenience and value to tenants. The property itself is an early 200o’s built home that the previous owners renovated to a high standard.
This dwelling doesn’t need any immediate renovations or improvements post settlement, which translates to very limited down time.
Our management division, Hot Property Management, secured a tenant within just days of settlement at above anticipated rental return.
Purchase Price: $651,000
Bed / Bath / Car: 4 / 2 / 2
Rental Return: $565 Per week or 4.5% Gross
Block Size: 450m2
Proximity to CBD: ~15km Direct Line