Arun was an inter-state investor looking for long term hold with capital growth potential in the Northern suburbs of Brisbane. With a budget of $450-500k, he was looking to start a property portfolio, so yield would be an important factor too.
The property was a high-set brick and timber home in a popular family-friendly suburb just 20km North of Brisbane CBD. The previous owners had maintained the home well, and with fresh paint inside and out, this home was in great condition. Built-in underneath, but still with two internal garage spaces, there was plenty of room for a family to spread out. For the hot summer days, the large deck had been recently covered with a solid roof, and timber shades built on to each side. Better yet, while the bathroom had been renovated, there is still scope to add value in the future with a new kitchen, and installation of modern fixtures throughout. Homes like these are increasingly hard to find in this area sub-$500k, and particularly in this condition!
- Listing Price: Offers Over $495,000
- Purchase Price: $492,000
- Current/Estimated Rental: $440-460pw