Success Story: Luis
- 4
- 2
- 2
- 325 m²
- House
$89,000 gained in 6 months with 4% yield
ABOUT THIS INVESTMENT
Luis had been wanting to invest in property for many years. He was 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: House
- Land: 325sqm
- Condition: Excellent condition
- Already tenanted: Yes
Suburb insights
- Vacancy rate: 0.4%
- Price growth: 8.4%
- Rent growth: 5.1%
- Supply risk: Low
Financials
- Price paid: $600,000
- Current value: 689,000
- Equity gain in 6 months: $89,000
- Rent: $540w
4.5% YIELD AND $130,500 EQUITY GAIN IN 12 MONTHS!
- 4
- 2
- 2
- 325 m²
- House
$620,000
Est. Price
$510-$550
Est. Rent pw
4.5%
Est. Yield
6.9%
Hist. Suburb Growth
- Summary
- Suburbs
Investment Insights
- Low vacancy in suburb
- Excellent condition
- Growing prices in suburb,
- High yield
Things to consider
- Small land
Seller’s description
If you are in the market for a new home or your latest investment property this one will be hard to go past. Positioned in a great location with good elevation, this one wont last so you will have to be quick to secure it.
Features
- Four large bedrooms with built-in wardrobes, air-conditioned master complete with ensuite and walk-in robe.
- Second living space to allow the largest of families room to spread out plus a study nook perfect for the kids or home office.
- The family bathroom complete with a bath and quality fixtures.
- Being two storeys, the home catches the beautiful sea breezes and the abundance of windows fill the home with natural light.
- Downstairs features the following:
- The tiled living and dining space make for easy living whilst the air-conditioning will keep you comfortable year round.
- Meal times will be a breeze in the galley style kitchen complete with stainless steel appliances, gas cooking, stone bench tops and an abundance of cupboards for storage. With a commanding view over the lower level and out to the backyard it will be sure to impress the aspiring chef.
- A second study nook will ensure there is plenty of space for the family to learn, play or work through these uncertain times.
- The separate laundry has plenty of storage and easy access to the rear yard.
- With a double lock-up garage and the possibility of side access this one will be sure to appeal to those with a couple of cars or perhaps more.
- Spilling out from the inside of the home is the large undercover area which is perfect for entertaining family and friends all whilst overlooking the fully fenced and landscaped 325m2 block.
- Within walking distance to shops, schools, parks, medical facilities and everything that the wonderful suburb of North Lakes has to offer you'll have to be quick so book your very own inspection today.
Map & Distances
- To School
0.7km
- To Public Transport
km
- To Supermarket
0.5km
- To Central Business District
29.1km
Due diligence checks
- Flood risk
LOW
- Bushfire risk
LOW
- Noise risk
LOW
- History Consideration
NO
Key indicators
5.1%
Hist. suburb rent growth
-46.8%
Stock change last 12 months
8.4%
Hist. suburb price growth
0.4%
Vacancy rate
Suburb scores
Expert analysis
In terms of the property market, North Lakes displays very strong fundamentals. Property prices have grown by 64% since 2011 (1.1x the national average of 57%). The suburb is in high demand with limited supply available, translating into a low vacancy rate of 0.4%. In addition, the number of available properties for sale has decreased by 47% over the last 12 months. The typical attractive Hybrid investments in North Lakes are 3/4-Bedroom houses with over 350sqm land, with median asking price of $620,000 to $680,000, delivering average rental return of 3.4% to 3.7%. (Speak to your Coach if you are considering townhouses and/or units, which are only attractive in certain locations.)
Why we chose this suburb as a top target:
- Strong capital growth (+8.4% per year on average since 2017)
- Strong rental growth (+24.3% over the past 12 months)
- High demand, outstripping supply (0.4% vacancy)
- High affluence score of 4 of 5: the median income in the suburb is higher than average
- High family score of 5 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 4-Bedroom houses
Rent evolution
Suburb median weekly rent for 4-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
