The Project

BV was an interstate investor looking for a tidy investment property with good capital growth potential. He was looking for something low maintenance in a good location, close to transport, shops and facilities.

The Property:

The property was a renovated low set rendered brick and tile property in great condition.  The property was situated on in Moreton Bay on the Redcliffe Peninsula and attracted a large number of rental property applicants due to having 4 bedrooms, 2 bathrooms and a large rear shed.

The Numbers:

  • Listing Price: Offers around $560k
  • Purchase Price: Purchased in a multiple offer situation for $480,000
  • Current/Estimated Rental:  $480 pw