Brisbane - Boondall

Purchased for $21,000 below valuation!

Property Info

→ Boondall

→ House

→ 3 Bed, 2 Bath, 2 Car

→ 12km to CBD

→ Purchase Price: $700,000 (Bank Valuation $721,000)

→ Rental Return: Mid $500 per week rental estimate

This Sydney based investor was looking for an entry level house to invest into the Brisbane market. But with a exceedingly demanding job, and zero knowledge of the Brisbane market he sort out the assistance of Zoran and the Team here at Hot Property Buyers Agency.

This 3 bed 2 bath 2 car Low set Brick and tile home was the perfect investment.

Low maintenance construction but scope for immediate uplift in value with a cosmetic renovation / refurbishment. Purchased BELOW Bank valuation this investment has equity built in from day one!

The numbers

→ Purchase = $700,000 ( Bank Valuation $721,000)

→ Rental return = Leased in the High $400 at purchase

but with scope to improve to Circa $600 Per week

→ refurbishment investment ~$40,000

Ready to find your next property investment?

Contact our experts today to get started.