Make Your Own Cash Cow
Property ID: 17629965
Purchase Price $370K
Granny Flat $150K
Total Cost $520K
Rent for House $340 per week (estimated)
Rent for Granny Flat $270 per week (estimated)
Total Rent $610 per week
Gross yield 6.1% (estimated)
With a large block and 2 street access, you have the opportunity to add value and make this property positive cash flow. Subject to Council Approval, you can add a granny flat behind the house, with a separate street entrance.
This city in South East Qld is set to see an average of another 10,000 new residents each year for the next 20 years;
Located half way between 2 major centres, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in the city while taking advantage of easier access to the nearby major regional centres.
It has a strong, diverse and growing economy with the major employers being manufacturing & retail, business & community services, construction & agriculture;
Kindergarten, childcare centres, 2 high schools and 3 primary schools within 2km
There are dozens of restaurants in the area and many franchised food outlets have invested here including - KFC, Red Rooster, Subway, McDoanlds, Pizza Hut.
1km away from the nearby CBD that is currently under-going regeneration.
There are number of coffee shops that surround the estate including Coffee Club, Merlo and Zarraffas.
Large 835m2 block;
2 Street access;
Existing house has 3 bedrooms with built in robes, 1 bathroom and 2 car parking;
Air conditioned living area;
Covered outdoor entertainment area;
Call Matthew Barnes on 0430 979 900 for further details.