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1800 600 890

DA In Place To Turn 1 Income Into 4

Property ID: 19433125
Purchase Price $480K
Market Rent $380 per week
Yield 4.16%
East Brisbane Metro Zone

This fully detached house is situated on a large 775m2 block of land that is Zoned Medium Density Residential. That will allow up to 4 dwellings on the land and there is already a DA in place to add 2 X 2 bedroom units and a 3 bedroom unit, while keeping the existing house (with some moderations).

200m Bus stop
400m walk to a Shopping Centre with Woolworths and 47 specialty stores.
900m Primary School
900m TAFE college
1.1km Childcare
1.1km High School
4.5km Train Station
5.2km Hospital

Companies that have invested within 5 minute drive of this property include Harvey Norman, Bunnings, Birch Carroll & Coyle Cinemas, Officeworks, The Good Guys, BCF, Amart Sports, Clark Rubber, EB Games, JB Hi-Fi, Supercheap Auto, Battery World, Fantastic Furniture, Chemist Warehouse, Autobarn, ANZ, NAB, CUA, Terry White & Amcal Chemists.

There are two additional shopping centres within 4km that include Woolworths, Coles X 2 and Target, with an Aldi nearby.

All the indicators show this suburb is set to see growth in the next 1 to 3 years;

Demand for property in this location is well above state and National average levels
Days on market are have reduced by 1/3 in the last 12 months
High owner occupied area
Vacancy rates are currently at just 1.25%
Online search interest is 33% higher than the state average

For further details and to secure this property, call Matthew Barnes on 0430 979 900.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 775m2

Type: Residential, House

Investment Strategy: Capital Growth

Gross Yield: 4.16%

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 775m2

Type: Residential, House

Investment Strategy: Capital Growth

Gross Yield: 4.16%