The Project:

T & L were interstate investors looking for an investment property as close to the CBD as possible for their budget.  They were keen on a property with at least 600m2 of land and requiring little to no renovation work.

The Property:

The property was a renovated low set weatherboard post-war property which had been extensively renovated and included a large outdoor entertaining area.  The property was situated in the North of Brisbane, less than 10km from the CBD.

The Numbers:

  • Listing Price: Purchased off-market before publicly listed, asking price high $500ks.
  • Purchase Price: $569,000
  • Current/Estimated Rental:  $460 – 470pw

Follow Up:

T&L have now gone on to purchase a further investment property with Property Zest.