Brisbane Strathpine
The sellers elected to rent the property back for 12 months on a fixed-term tenancy yielding around 4% Gross for our investor.
Searching for an investment property from interstate is hard enough, let alone during a Covid Lock Down. With a moving Real Estate market waiting for a lock down to end to DIY a Property purchase isn’t really an option either!
After a few weeks into the investment property search we found this off market property which ticked every box, renovated to a high standard by the previous owner the dwelling represented a low maintenance set and forget investment property, which could be rented out AS IS, but also with zoning that allowed for development potential this also is a great land banking opportunity for 10-15 years down the track.
Property Type
House
Reason of Purchase
Investment
The Space
3 beds / 1 bath / 1 cars
Price
$568,000
Rental Return
$435 per week rent back from seller
Proximity to CBD
18km direct line to CBD
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