Success Story: Srinivas
- 3
- 1
- 3
- 789 m²
- House
$39,000 gained in 6 months with 7.3% yield
ABOUT THIS INVESTMENT
Ankush 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: 789 sqm
- Already tenanted: Yes
Suburb insights
- Vacancy rate: 0.5%
- Price growth: 6.3%
- Rent growth: 3.5%
- Supply risk: Low
Financials
- Price paid: $249,000
- Current value*: $288,000
- Equity gain in 6 months: $39,000
- Rent: $350w
*Current value estimate obtained from Commbank
4.5% YIELD AND $105,250 EQUITY GAIN IN 9 MONTHS!
- 3
- 1
- 1
- 600 m²
- House
$460,000
Est. Price
$380-$420
Est. Rent pw
4.5%
Est. Yield
11.3%
Hist. Suburb Growth
- Summary
- Suburb
Investment Insights
- Growing rents in suburb
- Large land size
- High yield
Things to consider
- Older property
Seller’s description
Exciting features include:
- Main Bathroom with Bath, Separate WC
- Entry Foyer, Carpeted Living Area + Dining Area
- Well Appointed Kitchen with Electric Oven/Cooktop
- Covered Entertaining Area Overlooking Parklands
- Low Maintenance & Pet Friendly 600m2 Block with Established Gardens, Water Tank
- Single Lock Up Garage, Drive Through Access for Boat/Caravan
Nestled on a prized 600sqm block and positioned conveniently within easy access to Brisbane, Sunshine Coast, transport hubs, quality private/public schooling and Westfield North Lakes. The lifestyle on offer couldn’t be more convenient.
Disclaimer: This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty of representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries
Map & Distances
- To School
0.7km
- To Public Transport
0.3km
- To Supermarket
0.6km
- To Central Business District
8.0km
Due diligence checks
- Flood risk
LOW
- Bushfire risk
LOW
- Noise risk
LOW
- History Consideration
YES
Key indicators
3.5%
Hist. suburb rent growth
0.0%
Stock change last 12 months
6.3%
Hist. suburb price growth
0.5%
Vacancy rate
Suburb scores
Expert analysis
The typical attractive Hybrid investments in Wulguru are 3/4-Bedroom houses with over 350sqm land, with median asking price of $350,000 to $380,000, delivering average rental return of 5.1% to 5.7%. (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 rental growth (+11.4% over the past 12 months)
- High rent yield (5.1% to 5.7% on average)
- High demand, outstripping supply (0.5% 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 5 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
