Type of Property: House

Reason of Purchase: Investment

3 Bathroom Icon2 2

This is another great example of Hot Property Buyers Agencys’ Winning Formula which is, Right property + Time + Renovation = Great Investment Property

When all of these factors come together you get a truely great investment property, offering not only capital growth, but strong rental returns and also tax depreciation benefits as well. 

Here are some Fast Facts about this Property:

Before

3 Bed / 1 Bath / 1 Car

After

3 Bed / 2 Bath / 2 Car

Purchase Price:
$411,000 (2013)
Renovation:
~$140,000
Post Renovation Appraisal:
$680,000 (conservative assessment)

Equity created:
$130,000

Renovation time:
6 Months

Rental pre renovation:
$380-410 with likely 2-3 weeks of down time
Rental post renovation:
$605 rented at the first inspection

This is a great outcome and shows you what happens when you buy with a plan, and follow through the plan. these clients are now gearing up to purchase again using the equity created from this property as deposit to grow their portfolio.

If you want to put a plan in place for your portfolio call 07) 3170 3760 or email zoran@hpsba.com.au to have a strategy session arranged.