Brisbane - Tingalpa

Cosmetic Renovation Opportunity in Quality Family Area!

A local client was keen to secure an investment property with renovation upside but didn’t have time to do the leg work of searching, inspecting and managing the process of purchase plus a renovation. Thats where Zoran Solano and the team at Hot Property Buyers Agency came in to assist.

This property was successfully purchased in a multiple offer situation. By understanding the sellers circumstances and offering a longer settlement, our team of buyer agents were able to secure the property for a competitive price - giving us time to arrange trades for the post settlement renovation.

Post renovations will add significant value to the property long term but will also improve the rental yield!

Thanks to:

Financier; Isaac Sharma from NAB

Solicitor: Jenny Pratt From Map Lawyers

Selling Agent: Bianca Stubbs from Harcourts

Property Info

→ 38 Athlone Street Tingalpa

→ House (667m2)

→ 4 Bed, 2 Bath, 2 Car

→ 12km to CBD

Costs

→ Purchase = $880,000

→ Renovations = $60,000

→ Total Cost = $940,000

Returns

→ Post Renovation Value = $1,000,000

→ Previous rent = $550 per week

→ New Rent = $720 per week

→ ROI = 25% rental increase

Ready to find your next property investment?

Contact our buyers agents today to get started.