HAPPY CUSTOMERS: DAVID
4.3% YIELD AND $121,500 EQUITY GAIN IN 3 MONTHS!
We helped David buy this property located in South Queensland. This house sitting on 609sqm is cash flow positive and already increased in value by 6%.
ABOUT THIS INVESTMENT
Gaspard and Marie had been wanting to invest in property for many years. They were looking at a ‘hybrid’ type of investment providing a good mix of positive cash flows AND strong capital gains potential.
About the property
- Location: Queensland
- Type: 4-Bedroom house
- Condition: Excellent condition
- Land: 609sqm
- Already tenanted: Yes
Suburb insights
- Vacancy rate: 0.2%
- Annual price growth: +4.5%
- Annual rent growth: +1.9%
- Days on market: 25
- Supply risk: Low
Financials
- Price paid: $551,000
- Current value: $530,000
- Equity gain in 3 months: $33,000
- Rent: $310w
- Monthly cash flows: +$460
Success Story Title
- 4
- 1
- 2
- 609 m²
- House
$551,000
Est. Price
$430-$470
Est. Rent pw
4.3%
Est. Yield
3.5%
Hist. Suburb Growth
- Summary
- Suburb
Investment highlights
- Low vacancy in suburb
- Excellent condition
- Improvement potential
Things to consider
- Tenanted: $470pw - until March 2023
Seller’s description
Located in a small pocket within Narangba, this humble home is ideal for a first home buyer, investor or someone looking for a family home without sacrificing the size of the block.
This property has been designed to deliver spacious open plan living for a growing family.
The kitchen is the heart of this home, with a modern open plan living design, you can move effortlessly onto the dining room or onto the back patio to enjoy a meal or glass of wine with your loved ones.
The master bedroom is located at the rear of the home for ample privacy and has an ensuite bathroom and a walk through wardrobe.
Bedrooms 2, 3 and 4 all have built-in wardrobes, ceiling fans and large windows filling the rooms with natural like and fresh airflow. All bedrooms are conveniently located close to the main bathroom that boasts a deep bath, large shower and separate toilet.
This minimalist low maintenance property is just what you need so you can enjoy your weekends with your loved ones rather than spending your days maintaining the house and yard.
Some of our favourite features include:
– General –
* Low maintenance front and back yard
* Powered patio
* Tiled throughout family & dining room
* Carpeted bedrooms
* Two car lockup garage
– Kitchen & Living –
* Double stainless steel sink
* Gas cooktop
* Built-in pantry
* Ample storage
* Microwave nook
* Ceiling fan
* Reverse cycle air conditioner
* Tiled throughout
– Master Bedroom –
* Carpeted
* Ceiling fan
* Walk-through wardrobe
* Ensuite with shower and toilet
– Bedroom 2, 3 & 4 –
* Carpeted
* Ceiling fan
* Built-in wardrobes
* Serviced by the main bathroom
– Main Bathroom –
* Deep Bath
* Shower
* Vanity with ample storage
* Separate toilet
Map & Distances
- To School
0.5km
- To Public Transport
1.3km
- To Supermarket
1.1km
- To Central Business District
28.6km
Due diligence checks
- Flood risk
LOW
- Bushfire risk
LOW
- Noise risk
LOW
- History Consideration
NO
Key indicators
5.5%
Hist. suburb rent growth
-31.0%
Stock change last 12 months
3.5%
Hist. suburb price growth
0.2%
Vacancy rate
Suburb scores
Why we chose this suburb as a top target:
- Strong rental growth (+19.1% over the past 12 months)
- High rent yield (4.7% to 5.3% on average)
- High demand, outstripping supply (0.2% vacancy)
- High family score of 4 of 5: there are well performing schools in the area, childcare facilities and playgrounds
- High lifestyle score of 4 of 5: there are cafes, fitness centers/ gyms, restaurants etc. to choose from in the suburb
- High convenience score of 4 of 5 – there are higher than average public transport commuters in the suburb and supermarkets/ stores close by
Price evolution
Suburb median selling price for 3-Bedroom houses
Rent evolution
Suburb median weekly rent for 3-Bedroom houses
Vacancy evolution
Suburb vacancy rate (%)
Investment highlights
- Low vacancy in suburb
- Good condition
- Large land size
- No red flags
Things to consider
- Tenanted: $485pw
Seller’s description
Ready to move in family home, with a unique and versatile detached structure currently being used as a functioning soundproof studio. The home is perfectly positioned and has been designed to offer the ideal blend of relaxed living, quality entertaining and all over privacy. Complete with an incredible opportunity to create the ideal office from home, options for the space are endless such as a home office, yoga studio, media room or perhaps a private tuition space.
The home itself is a fantastic starter home with 3 generous sized bedrooms and a neat and tidy bathroom ready for you to live in and make your own. The open plan living and dining area is complete with air-conditioning and ceiling fans and the whole house has beautiful timber flooring throughout. Complete with the added convenience of a separate laundry with direct external access plus an extra-large driveway to house all of your cars, this one is ticking all of your boxes.
You’ll simply love the location with shops, buses and parks within a short stroll…and you’re only a few minutes away from the heart of Strathpine and just a short drive to the University of the Sunshine Coast Moreton Bay Campus or Westfield North Lakes.
With so much to offer, this property will be in demand, so act quickly as this fantastic opportunity to purchase in this area will not wait for you.
Features
- 3-bedroom home, all with fans plus built-in robes.
- Neat and tidy main bathroom with separate toilet.
- Separate laundry with direct external access.
- Good-sized kitchen with updated electric cooking and oven.
- A/c and ceiling fan in living area.
- Newly laid driveway.
- Fresh turf in front and back yards.
- Purpose built recording studio.
- Completely sound proof with two split system air-conditioning units.
- Rear alfresco area.
- Carport.
- Two garden storage sheds.
- Front veranda area.
Key indicators
3.2%
Hist. suburb rent growth
-18.0%
Stock change last 12 months
8.4%
Hist. suburb price growth
-0.3%
Vacancy rate
Map & Distances
- To School
2.5km
- To Public Transport
0.7km
- To Supermarket
1.7km
- To Central Business District
19.3km
Due diligence checks
- Flood risk
LOW
- Bushfire risk
LOW
- Noise risk
LOW
- History Consideration
LOW
FEATURED IN
FEATURED IN
- Level 8, 11 York Street Sydney 2000 NSW Australia
- +61 401 975 670
- info@prophero.com.au
