High 4% Yield on a Landbank Dev Site?


Type of Property: House

Reason of Purchase: Investment

3 Bathroom Icon1 2

Have you ever thought, “I don’t have enough money to buy an investment property”

Well there might be a solution, take these two clients for example. They are a pair of 20 something guys who had a little bit of a deposit each, but not enough to purchase by themselves. The solution, they teamed up and purchased a property together. 

The search revealed this property located within 200m of some local shops, which made this property suitable for future subdivision, although this wasn’t a search criteria the boys quickly realised that having development potential might be a good thing in the long term.

This development potential could provide them a future opportunity to split the property into two lots and take one each, enabling them to have an exit strategy which can be important.

 

Fast Facts:

Price:$425,000

Rent:$400 Per week or 4.8% Gross

Bed/Bath/Car: 3 / 1 / 2

Block Size: 607m2

Proximity to CBD: ~15km Direct Line

Notes: Liveable Dwelling AS IS with Development potential

Testimonial

Zoran and the team at Hot Property Buyers Agency made purchasing our first investment property incredibly simple. Their local knowledge and experience was invaluable, we are very happy with the end result. I would 100% recommend their service to anyone who is serious about purchasing property in SEQ. Love your work guys!

J, Hoade 2020