The Project
K&R were interstate investors and repeat Property Zest customers seeking long-term capital growth with a budget of up to $450k. Looking within 25km of the Brisbane CBD, they were after a property on a minimum 600m2 block, 3 bedrooms, and immediately rentable. Having purchased a property through us previously, we were able to quickly get to work finding a good investment for these customers!
The Property
The property we purchased was a very tidy high-set brick and timber house found in the Northern suburbs of Brisbane. On a 610m2 block only a short walk from the shops and multiple transport options, this property was a great value prospect and well within budget. Colorbond fencing on all sides, and a large backyard with plenty of room for a family. In the house itself, the ground floor had been built-in to include a bar nook, and provided a cool space to relax in the warmer summer months. Upstairs, there were polished floors, a large aircon unit, and ceiling fans in all the bedrooms. A classic North Brisbane highset in a great spot!
The Numbers
- Listing Price: Offers Over $379,000
- Purchase Price: $377,500
- Current/Estimated Rental: $380pw