S&B were inter-state investors looking for a medium to long term hold with capital growth potential. Their long term goal is to acquire a number of rental properties, so while yield was not the main target, it was a factor in keeping the weekly costs down. With a budget up to $550k, we were looking on the Northern side of Brisbane at areas within 25km of the CBD to find a property that would yield above 4% with good growth prospects. Sounds like a dream combination of growth and yield, but there was good news to come!
The property was a highset full brick home only 15km North of Brisbane CBD. With modern renovations throughout, all the hard work had been done, and the property was family-friendly and ready for rent. Modern high-quality fittings and appliances complimented the simple design features and clean lines. No one would know this property was built in 1960! With two side-by-side internal garage spaces underneath, and plenty of room for storage or a future rumpus room, there is still potential to be unlocked in the future.
- Listing Price: Offers Over $550,000
- Purchase Price: $545,000
- Current/Estimated Rental: $440-460pw