Ipswich - Goodna

when working with a conservative budget, you have to get creative!

This investment property in Brisbane offered our clients an exciting and affordable entry into the market with plenty of renovation upside via cosmetic improvements.

After assisting with the purchase of their home several years ago, this husband and wife duo were looking to build an investment portfolio for their families future.

Given the clients where looking to undertake a new build on their current home, the budget for investment was a conservative $500,000 (which to be honest, doesn’t get much in the Brisbane property market.) This meant Zoran and his team of buyers agents needed to get a little creative and look outside the Brisbane Metro area to some of the Outer Ring areas that offered a lower entry price.

After a few weeks of searching this “Renovators Delight” came up. The previous owners had tenants from hell that left a trail of destruction and damage to the property once their tenancy had ended. The seller sold the property AS IS, below market value leaving scope for us to renovate to our taste and design.

With a lot of renovation experience, we were able to schedule the trades post settlement and complete the improvement needed whilst limiting the down time.

Property Info

→ 26 Wolfik Drive, Goodna

→ House

→ 3 Bed, 2 Bath, 2 Car

→ 15km to CBD

Costs

→ Purchase = $475,000

→ Renovations = $25,000

→ Total Cost = $500,000

Returns

→ Post Renovation Value = $530,000

→ Current rental = $430 per week

Ready to find your next property investment?

Contact our experts today to get started.