S&B were interstate investors looking to expand their property portfolio into QLD. They were looking for a property to buy and hold, that would provide them with positive cash flow, allow for steady growth with the additional aspect of development potential for the future.
The property we were able to purchase for our clients’ fit their criteria perfectly! This very well maintained property had been owned and occupied for 26 years by the same couple, and the love they had for their home was evident.
Being an all original fit out, the property had ample opportunity for add value potential through some cosmetic renovations, but was also located in the Urban zoned neighbourhood which would allow for medium to high density dwellings to be built on the block in future.
If this was too much of a project to take on, the land size and side access to the rear of the yard would also allow for the addition of a secondary dwelling to generated that added income.
- Listing Price: Offers Over $419,000
- Purchase Price: $414,000
- Estimated Rental before renovation: $380 – $400 p/w
- Current Rental: $395 p/w
“You were honest. You were thorough. You were knowledgeable of the areas we were searching for property in. You were just the right people to work with and if we were to look for a Buyers’ Agent for another property, we won’t bother searching elsewhere.” – S&B