Brisbane - BRACKEN RIDGE
Purchased below the price of other offers!
Property Info
→ $901,000 Purchase Price
→ ~$700 Per week rental Assessment
→ 8 Whitby street Bracken Ridge
→ 4 Bed, 2 Bath, 3 Car
→ 15kms from CBD
Bracken Ridge has been a top performing suburban area for the last few years, yet still many people do not know anything about it! That was certainly the case when this time poor Brisbane local client was looking to purchase an investment property.
After establishing our clients investment strategy we identified a relatively modern style home in this middle ring suburb would offer the best of both worlds. Structurally sound with a modern ensuite configuration to the master bedroom, with scope for cosmetic improvement in the short to medium term.
This property was secured for below other offers that where presented to the seller. This is due to the long term tenancy that was in place which restricted the buyer pool to investors only. And with this suburb flying under the radar of move investors it meant we were able to secure the property for a great price.
The future strategy with the property is to undertake a cosmetic refurbishment at the end of the current tenancy and improve the rental return up to market value while also creating capital growth and equity.
Thanks to:
Selling Agent: Tania McAlonan
Financier: Jamie Phillips BOQ
Solicitor: Map Lawyers
