Renovate for Profit in this Capital City Location
Property ID: 18131845
Purchase Price $420K
Suburb Median $501K
Forecast Rent $360 a week
Fantastic opportunity to secure a free-standing house 12km 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.
12 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
1 car carport
Over-looking a park
Opportunity to increase value with a cosmetic renovation.
680 m2 block
Estimated Value Post Renovation $520K - $540K
Estimated Cost of Renovation $50K
Estimated Rent Post Renovation $440 - $460 a week
Call Yujin Yeoh on 0479 191 815 for more details.