Renovated Budget Priced Unit With Strong Returns And Growth Potential
Property ID: 15850485
Purchase Price $225K
Estimated Rent $290 per week
Estimated Gross Yield 6.7%
This opportunity is ideal for investors on a budget who are looking for strong cash flow and capital growth prospects.
The entire unit has been renovated over the past 5 years.
2 Bedrooms, both with built in robes and ceiling fans.
New modern style kitchen with plenty of bench space.
Air conditioning in the living area and main bedroom.
Private outdoor entertaining area, covered and with timber decking.
Single lock up garage plus onsite parking for guests.
This location is set to see an average of another 10,000 new residents each year for the next 20 years. It has been tipped by a number of property experts to see strong capital growth over the next few years.
Vacancy rates are at just 1.6% (2 - 3% vacancy rate is considered a balanced market) and there is more than $2 Billion worth of infrastructure investment either approved or under construction in the location.
Being 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 the and easier access to the nearby major regional centres.
The region has a strong history of long-term capital growth.
It has a strong, diverse and growing economy with the major employers being manufacturing & retail, business & community services, construction & agriculture.
The property is close to many existing facilities;
Primary school 1km;
High school 1.3km;
5 childcare centres within 1.5km;
Shopping centre with around 28 stores including another Coles - 1.4km;
Woolworths (under construction) - 3.2km;
Hospital - 3.4km;
Industrial Estate - 3.5km + others within a 10 minute drive;
TAFE - 4km
University Campus- 4.8km;
Motorway with access to Brisbane, Ipswich, Toowoomba and Gold Coast - 4km;
Shopping Centre with about 220 stores including Myer, Kmart, Coles, Woolworths, Bi-Lo, Aldi & Event Cinemas - 9.6km;
Call Matthew Barnes on 0430 979 900 for further details.