The Project

Mark was an interstate investor looking for a property with some renovation and/or development potential.  His budget was up to the $500k mark with a yield of at least 4%.

The Property

The property we purchase, a fantastic highset brick home in North Brisbane, ended up being quite a bit under budget at the $400k mark, but offered great renovation potential including legal height underneath.  Solid as they come and ripe for renovation, however, very rentable and sought after as a rental – we had 33 applications for this property in the first week!!!

The Numbers:

  • Listing Price: $410,000
  • Purchase Price: $400,000
  • Current/Estimated Rental:  $390pw

Client comments

“I appreciate the great service Property Zest has provided me throughout this whole process so would like to proceed with you managing my property.”