What a deal! 


Type of Property: House

Reason of Purchase: Investment

4 Bathroom Icon2 2

This property was purchased for a young professional couple from Sydney looking to capitalize on the affordability and opportunity that the Brisbane property market has to offer. We set out to find them a property that had value adding opportunity in order to both increase their potential equity available and also increase their rental yield.

The property is a 4 bed 2 bath 2 car high set brick home on 610m2 and is just 8-9km from the cbd and was secured for the Mid $600,000’s

The property has a downstairs rumpus with internal access from the garage and internal stairs to the upper level. These sort of homes appeal to a broad range of potential tenants especially families and tenants who need that extra separate rumpus area. The property internally is in fairly original condition but had been immaculately kept so there isn’t much we will need to do to get it ready for the rental market, however when the client is ready we will undertake a significant renovation which will add some serious value.

The big draw card for this property was the size and layout of the home as well as the oversized bathroom and toilet area. The bathroom and toilet area will allow us to essentially split it into two good sized bathrooms, one as a ensuite off the master bedroom and the other bathroom to service the other three bedrooms upstairs.   

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.

FAST FACTS

Purchase Price:

$645,000

Post Settlement Renovation:

$10,000

Rental:

$520 

If you are looking to invest in Brisbane, call Hot Property Buyers Agency today 07) 3170 3760

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