The Project:
AB was an interstate investor looking for a long term buy and hold with capital growth potential. This was his second purchase with us in as many months. He was looking for something with cosmetic renovation possibilities down the track but could be tenanted straight away.
The Property:
The property was a low set brick veneer in original condition. It was located in a family friendly area, situated in the North of Brisbane, approximately 15km from the CBD.
The Numbers:
- Listing Price: For Sale by Negotiation
- Purchase Price: $380,000
- Current/Estimated Rental: $380-$410pw
Renovation:
Working with our recommended renovation co-ordinator and the client to assess the best options within budget saw the home transform from average to smashing in a matter of weeks.
Follow Up:
Renovations completed on the property were kept within a small budget adding value to the home without over capitalising.