Philip was an inter-state investor looking for a medium term buy and hold with capital growth potential. Having already researched the area, he could see the potential in the suburbs surrounding the new University of the Sunshine Coast Moreton Bay campus at Petrie. Focussing in on this area, we started searching for a modern or renovated property within 15mins walk to one of the local train stations. Favourable land zoning was also a desirable feature for this purchase, to provide a more options to add value in the future.
Here’s the twist; this project eventuated in two properties! The first was a classic high-set with recent renovations throughout, and a great rendered external finish. This home had a very modern feel, with new fittings and appliances throughout, and new aircon and ceiling fans in the living areas. An added feature, a large new covered deck off the kitchen with privacy screens and a TV! All just a short walk to the local shopping area, and train station just beyond.
The second property was quite different to the first. Perched on the side of a gentle slope, this house had 60’s charm with a fantastic view across the treetops. Better yet, it was placed on a large block close to a district centre, and with ‘urban’ zoning to provide plenty of options in the future. This home was still in original condition, with plenty of scope for a full renovation or just tidy up for the medium term. Between these two properties, we were able to secure two very different investments with complimentary features for positive long-term growth potential.
- Listing Price: Offers Over $399,000
- Purchase Price: $411,000
- Current Rental: $420pw
- Listing Price: Offers Over $539,000
- Purchase Price: $539,000
- Estimated Rental: $420-450pw