The Project
P was an investor on a mission! Looking for a property to buy and hold for the long term, his aim was to get as close to Brisbane CBD as possible, in an area which would supply him with good growth and reasonable yield – so, that’s what we gave him!
The Property
We were able to locate a property in a booming suburb just 12km from the CBD that ticked all the boxes! Not only was it a neat and tidy, low maintenance house which was rentable as is, the property also possessed plenty of scope for future renovation to assist with the growth he was looking for. With an already updated kitchen and bathroom, a quick freshen up down the track will be relatively inexpensive, and be sure to bump up the value of this fantastic solid home!
The polished timber floorboards, great sized rear entertainment area, along with it’s ideal location – walking distance to public transport, hospital, major shopping centres and great schools – make this purchase a winner for sure!
The Numbers
- Listing Price: Offers Over $620,000
- Purchase Price: $612,500
- Estimated Rental: $470 – $490 per week
- Current Rental: $470pw