Versatile investment property in a sought-after Location
Type of Property: House
Reason of Purchase: Investment3 2 2
This property was purchased on behalf of an interstate investor looking to purchase in a blue chip location close to the Brisbane CBD. This property is well located, just a few hundred metres from the famous Oxford Street, and just minutes’ walk to buses, ferries, and all the local amenities you could hope for. This classic Queensland is sitting on a low maintenance 405m² which offers strong land value and future upside potential.
The strategy for this purchase is long term hold, post settlement we undertook around $20,000 worth of works to improve the dwelling to increase the rental yield and rental demand. In the future there is scope to add further value by building in the lower section of this two level home.