Great Capital Growth & Value Add Prospects In A Capital City
Property ID: 16928305
Purchase Price $425K
Estimated Rent $400 per week
Estimated Yield 4.89%
Set to ride the wave of strong capital growth in the area, you can turbo charge your gains by easily adding a 4th bedroom to this well maintained house.
Just walking distance to Restaurant's, Cafe's, Child Care, Primary School, Aldi, Coles, 7 Eleven and Bus stops, this 3 bedroom house is close to everything your tenants will need. The train station is just 1,500 metres away, which provides direct access to the Brisbane CBD.
Within a few minutes drive your tenants will have access to Woolworths, Coles, IGA X 2, High School, Private School, Bunnings and a Shopping Centre with 77 stores. A new shopping centre just a couple of minutes drive from the house has been approved.
A little further there are 2 large Hospitals, a University and TAFE Campus. While in a quiet street there is easy access to Arterial roads and the Motorway.
The garage has been converted to an additional room, which can easily be made into a 4th bedroom. With the median price of a 4 bedroom house in this suburb at $500K, there is great opportunity to cash in with minimal work. The remainder of the house is in good order and will easily attract a tenant.
Properties in this suburb are in very high demand with days on market one of the lowest in Qld. Sales in the suburb have increased over the past 12 months and vacancy rates are good at 2.4%. Interest from buyers are now 50% higher than the state average.
3 Bedrooms all with built in robes
Air conditioned lounge
3000 Litre water tank
Call Matthew Barnes on 0430 979 900 for further details.