Type of Property: House
Reason of Purchase: Investment
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 we ended up securing for them was a Great sized 3 bed 1 bath 2 car property on 617m , its neat and tidy as is but has some exciting potential for value adding also.
The internal stairs and garage, as well as the internal laundry are big pluses for a property in this location. The lower level rumpus area provides a multipurpose room which appeals to the rental market as well. This extra storage makes the home more suitable to a wider demographic including young families.
The master bedroom is another exciting part of this house you could potentially utilise the front verandah and fit in an En-suite relatively cost effectively as you would still be under the existing roofline and still leave you with a large master bedroom. This would really improve the value of this home.
This property was due to go for auction, through some clever negotiations we where able to take this property off the market two days prior to the auction going ahead. This was a great result for the client as we secured the property up for under market value and without the competition of an auction environment.
Purchase Price; $580,000
Block Size; 617m2
Distance to CBD; 9.5 km
Rental yield; 4.66 %
Capital Growth Rate: 5% P/A over the past 5 years.
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.