Type of Property: House
Reason of Purchase: Investment3 1 1
Zoran Solano and the Hot Property Team are well known for purchasing great renovator properties, but recently we found this little gem that we could purchase BELOW replacement cost! Why renovate when someone can do the hard work for you?
In the increasingly popular suburb of Keperra, just 10km north of Brisbane the demand for renovators is strong. As it is one of the only locations left in Brisbane where you can purchase a solid home on a good block size for affordable money.
When searching for this client we identified that in some cases, the un-renovated properties where selling for high dollars, and some of the renovated properties offered great value, in some cases below replacement cost.
This meant Zoran was able to negotiate a deal that secured the property for less than replacement cost!!
The previous owner had undertaken thousands of dollars worth of work to the home providing our client with a low maintenance, high depreciation property with great capital growth potential and further future value adding potential.
This renovated home features;
-3 bedrooms, 2 with built-in-wardrobes
-New kitchen with island bench
-Brand new bathroom with bathtub
-Open plan living spaces with hardwood timber floors
-French doors to massive covered rear deck
-Laundry nook with room for a bar fridge
-Great backyard with side access
-Fully fenced 607 sqm block
-Drive through carport
-Storage space under house
Another great purchase by the Hot Property Team and a happy client!