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Offmarket

Renovate and Hold in this Capital City Location

Property ID: 18251115
Purchase Price $450K
Suburb Median $519K
Forecast Rent $360 a week


Fantastic opportunity to secure a free-standing house 13km from Brisbane under $500k. This is an excellent opportunity to create value and build equity through a strategic cosmetic renovation. The property is ideal for renovation as there is a sizeable disparity in pricing between renovated and un-renovated properties in this suburb.

LOCATION
13 km from a CBD of a Capital City!
Potential for Growth due to surrounding suburbs having median prices over $100k more!
Suburb under-going Gentrification, with $Millions of dollars being invested to update the suburb.
Walking distance to Groceries, restaurants, shops, bus and parks
5 schools within 2 km


PROPERTY
3 Bedrooms
1 Bathroom
1 car carport
Over-looking a park
782 m2 block

Estimated Value Post Renovation $520K - $540K
Estimated Cost of Renovation $40K
Estimated Rent Post Renovation $440 - $460 a week

Call Yujin Yeoh on 0479 191 815 for more details.

Matthew Barnes

Enquire Now

Type: Residential, House

Investment Strategy: Renovate & Hold, Capital Growth

Gross Yield: 4.3%

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Matthew Barnes

Enquire Now

Type: Residential, House

Investment Strategy: Renovate & Hold, Capital Growth

Gross Yield: 4.3%