Purpose of Purchase: Investment
Property Type: House
- Long term growth
- Low maintenance
- Potential to add value in the future
- Ability to subdivide into two separate lots in the future
- Good size house (4 bedrooms plus study)
- Renting for $500pw (4.23% gross yield)
- Large covered outdoor area
- 809sqm land area with ability to subdivide
- 200m to local shopping complex
A Successful Investment:
This is the client’s second purchase through PMC. The first investment was a set and forget property in an inner city area of Brisbane. The client was seeking this property to have potential to manufacture equity in the future.
We were made aware of the opportunity through our agent relationships off market and after negotiating over a period of a week, we secured the property for a great price. The property will be relatively low maintenance after some initial repairs and has the ability to manufacture value through development in the future. The client is extremely happy and excited about the future prospects of this growth corridor of Brisbane.